Saturday, 23 May 2015
Last updated 14 hours ago
Dec 22 2009 | 11:51am ET
If hedge funds are going to enjoy a big December, they may need a big holiday bounce.
Through the end of last week, the three remaining Dow Jones Hedge Fund Strategy Benchmarks aren’t exactly blowing down doors. The best of the lot, equity long/short funds, is up just 0.33% through the first three weeks of the month. The worst, event-driven, is actually down 0.14%.
Merger arbitrage funds are up 0.11% during the same period. That benchmark is up 7.7% on the year; event-driven funds have returned 15% and equity long/short 3.7%.
The other three Dow Jones indices, convertible arbitrage, distressed securities and equity market-neutral, are suspended.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…