Monday, 25 May 2015
Last updated 2 days ago
May 7 2010 | 3:21am ET
After a disappointing first quarter, Brazilian hedge funds have gotten off on the right foot in the second quarter.
Investors poured 3.4 billion reais (US$1.9 billion) into hedge funds, according to Anbima, Brazil’s national capital markets association. That more or less wipes out the first quarter outflow the industry suffered of about 3.5 billion reais (US$1.9 billion).
The official figure for redemptions in the first three months of the year was 5.7 billion reais (US$3.1 billion), but that includes two categories of funds that have since been reclassified.
The first-quarter redemptions ended a solid year of positive flows for Brazilian hedge funds, and coincided with an average 6.8% loss in January. But the industry has bounced back since then, retirned 8.8% from February through April.
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…