Tuesday, 5 May 2015
Last updated 7 min ago
Aug 4 2010 | 12:57pm ET
Investors flocked to Asian hedge funds in the second quarter, but poor performance more than offset the net inflows into the region.
Asian hedge funds took in US$360 million in new capital during the second three months of the year, according to Hedge Fund Research. Event-driven were the most popular, and macro funds also attracted much interest. Equity hedge funds also enjoyed inflows during the quarter.
The flows also show a growing preference for pan-Asia funds and Japan-focused funds, and away from emerging markets vehicles.
Despite the inflows, performance losses on the quarter cut deeply into the total assets of Asia-focused hedge funds. Such funds now manage just US$74.4 billion after losing US$23 billion in the markets.
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…