Sunday, 19 April 2015
Last updated 17 hours ago
May 4 2010 | 2:54pm ET
Asia may the future of the hedge fund industry, but according to the latest figures, the future is not now.
Asian hedge funds were hit by US$700 million in net redemptions in the first quarter, Hedge Fund Research reports. All told, Asian hedge funds grew slightly to US$77 billion thanks to strong performance in the region, which many in the industry are betting is home to the most opportunities for hedge funds.
The outflows from Asian funds break a two-quarter inflow streak, and despite a net inflow of US$13.7 billion inflow to hedge funds globally.
“Asian hedge funds were confronted with a variety of divergent market influences in the first quarter, and Investor flows to Asian hedge funds reflected this,” Kenneth Heinz, president of HFR, said.
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…