Monday, 27 April 2015
Last updated 4 hours ago
Aug 20 2010 | 1:46pm ET
Investors yanked $1.5 billion from emerging markets hedge funds in the second quarter, even as they poured further billions into other hedge fund strategies.
The second quarter outflows are the seventh in eight quarters for emerging markets funds, according to Hedge Fund Research. Such funds now manage $9.5 billion.
“Changes in global growth expectations, prospective currency volatility and commodity-specific market influences have resulted in a near-term decrease in investor risk tolerance for emerging-market hedge fund exposure,” HFR President Kenneth Heinz said. Still, Heinz said, the strategy’s luck could change rather quickly, given trends in emerging-market stocks, sovereign debt and commodities.
“Hedge fund investors considering the tactical, cyclical and overall positive performance dynamics of emerging-market hedge funds will look to access these trends in the coming quarter,” he said.
Despite the emerging markets outflows, all told hedge funds took in $9.6 billion in the second quarter.
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…