Monday, 30 March 2015
Last updated 5 hours ago
Aug 10 2010 | 11:57am ET
Hedge funds rebounded from their first losing streak of the year in July, gaining an estimated 1.67%.
The early figures from the Dow Jones Credit Suisse Hedge Fund Index show the average hedge fund is up 2.32% on the year. All but two strategies were in the black last month, and gains in July helped pull two strategies out of the red for the year. But no strategy came close to matching the broader markets, with the Standard & Poor’s 500 Index soaring more than 7% last month.
Emerging markets funds did best in July, rising 2.92% (2.1% year-to-date). Long/short equity funds were right behind, adding 2.82% (down 0.49% YTD), followed by equity market-neutral funds (2.41% in July, down 2.24% YTD) and risk arbitrage funds (2.11%, 1.96% YTD).
Multi-strategy funds added 2.06% on the month (2.55% YTD) and convertible arbitrage funds 2.-3% (4.74% YTD).
Dedicated short-bias and managed futures funds were the only losers in July, with the former falling 2.62% (down 5.31% YTD) and the latter 1.49% (down 1.24% YTD), respectively.
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…