Friday, 27 March 2015
Last updated 3 hours ago
Aug 9 2010 | 11:23am ET
Hedge fund gained ground in July, but badly lagged the broader markets, according to a pair of prominent hedge fund indices.
The Hennessee Global Hedge Fund Index rose 1.87% last month, while Hedge Fund Research’s HFRI Fund Weighted Composite Index added 1.82% on the month. The latter is now back in positive territory on the year, at 1.52%.
Equity hedge funds returned 2.88% on the month (0.88% year-to-date), according to HFR, paced by energy and basic materials funds, which rose 3.79% (down 2.92% YTD) and technology and healthcare funds, which rose 2.38% (1.51% YTD). On the other hand, short-bias funds plummeted 6.3% on the month (down 8.54% YTD) as the Standard & Poor’s 500 Index soared more than 7%.
Event-driven hedge funds rose 2.19% on the month (4.7% YTD), relative value funds rose 1.5% (5.33% YTD) and macro funds 0.28% (down 0.74% YTD).
Emerging markets funds were up across the board, rising 3.77% on the month (2.36% YTD). Latin America funds soared 4.63% in July (1.16% YTD), followed by Russia and Eastern Europe funds (4.11% in July, 5.31% YTD) and Asia ex-Japan funds (3.61%, 0.57% YTD).
Funds of hedge funds were up 0.74% last month, but remain down 0.47% on the year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…