Friday, 27 March 2015
Last updated 3 hours ago
Sep 27 2010 | 2:30pm ET
With September drawing to a close, Morningstar joined the chorus of hedge fund index publishers pronouncing August something of a bust.
The Morningstar 1000 Hedge Fund Index added an anemic 0.1% last month, according to a preliminary report. But it could have been worse: the broader markets took a steep dive in August.
“Riskier assets such as equities have moved in concert either up or down over the last several months, a trying environment for many hedge fund strategies,” Morningstar’s Nadia Papagiannis said. “But hedge funds effectively preserved capital in August.”
Not all hedge funds, mind you: Stock hedge funds dropped 2.4% on the month—itself something a victory, given the drop in stocks last month, but a drop all the same.
On the other hand, global trend-following hedge funds jumped some 3.5% on the month. Debt funds added 1.3%, while both convertible and merger arbitrage funds rose 1% in August.
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…