Tuesday, 28 April 2015
Last updated 9 hours ago
Aug 11 2010 | 10:52am ET
Hedge fund may be suffering from outflows and poor performance, but institutional investors remain a bright spot on their fundraising horizon.
Almost a third of institutional investors plan to boost their hedge fund investments over the next 12 months, while less than half that number plan to cut their hedge fund exposure, according to a new survey from Preqin. What’s more, better than two-thirds of institutional investors say they are happy with the returns produced by their hedge fund portfolios.
A fair number of institutions still have money waiting on the sidelines, with a quarter telling Preqin that they have not reached their current hedge fund targets.
According to Preqin, it all adds up to “modest” flows for the rest of the year and a big uptick next 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…