Saturday, 18 April 2015
Last updated 23 min ago
Feb 11 2010 | 7:57am ET
Last year was a good one for hedge funds—all around the world.
Australian hedge funds soared 20.81% last year, one of their best ever. Dutch hedge funds didn’t do quite as well, rising 11% on the year. The average global hedge fund returned approximately 20% in 2009.
Impressive as the Australian returns appear, the Australian Fund Monitors index badly lagged the broader market, as the Australian Stock Exchange index added more than 30% last year. Just 18% of the 241 hedge funds tracked by AFM bested the ASX market.
Given those figures, it’s no surprise that long-biased funds did best among hedge fund strategies, rising 40.88%. Equity 130/30 funds also did well, adding 33.54%, followed by equity long/short funds at 25.59%.
Meanwhile, on the other side of the worth, the Finles/IEX Dutch hedge fund index ended its first year up about 11%. The top-performing funds in the 28-constituent index were the HIQ Invest Market Neutral Fund, which rose 43.1%, and the Antarus Europe Fund, which returned 39.9%.
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…