Hedge funds

The once dubbed masters of the universe have barely made money this year and once again, their returns pale next to those of cheaper index funds.

Prices that reached an almost seven-month high in June have now dropped for five straight weeks, the longest slump this year.

Despite the trend away from actively managed mutual funds, the firm is bolstering advertising efforts and adding new products to lure clients.

The former Carmignac Gestion executive, who previously traded for Steve Cohen, says the tool will help run money for clients of his own firm, Q2Q Capital.

Volatility has opened the door to a deeper examination of the sector in some of the most widely held funds. Plus; other industry highlights.

Corporations, banking trade groups and consumer advocates are looking for favorable legislation from Congress.

As part of a new alternative investments group, the recruits’ focus is to help customers place money into hedge funds and private equity strategies.

QIM’s Tactical Aggressive Fund ended May up 13%, adding on to a 9.2% gain in April.

Having made partner at PwC in 2004, she credits her professional success to mentors and senior managers she worked with along the way.

The investment product raises eyebrows, but the firm’s founders have pledged to act as fiduciaries.