Tuesday, 31 March 2015
Last updated 1 hour ago
Jan 15 2010 | 1:05pm ET
Hedge funds posted their best year in six in 2009, rising more than 19%, according to Eurekahedge.
The Eurekahedge Hedge Fund Index ended last year up 19.37% after an estimated 1.07% return in December. It’s the index’s best performance since 2003, when it rose more than 21%, and a welcome turnaround from 2008, when the index fell 11%.
Eastern European and Russian hedge funds did best last year, soaring 60.49% (1.23% in December). Long-only absolute return funds also did well amidst the equity market rally, rising 46.85% (3.03%).
Emerging markets funds added 34.18% (1.7%), Latin American funds 26.32% (1.26%), Asian funds 26.13% (2.18%) and North American 23.44% (1.89%).
Japanese hedge fund did worst off all, adding just 6.84% (1.8% in December).
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…