Saturday, 25 April 2015
Last updated 1 day ago
Mar 12 2007 | 10:12am ET
Merger arbitrage funds tore the doors off in March, as hedge funds enjoyed another month topping the broader markets, according to the Dow Jones Hedge Fund Strategy Benchmarks. merger arbitrage benchmark was up 3.71% on the month, pushing its year-to-date return to 6.24%, easily making it the top-performing strategy on the month and year so far. Distressed securities rose 0.95% (2.8% YTD), convertible arbitrage 0.72% (1.45% YTD), event-driven 0.43% (2.34% YTD) and equity long/short 0.14% (2.35%).
Even the only index in negative territory, equity market neutral, which fell 0.04% in February but remains up 0.49% on the year, topped the broader market indices. The Standard & Poor’s 500 plummeted almost 2% last month and is down 0.47% year-to-date, and the Dow Jones Wilshire 5000 fell 1.58% in February, though it is up 0.29% on the year.
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…