Sunday, 3 May 2015
Last updated 1 day ago
Oct 7 2010 | 1:46pm ET
Hedge funds enjoyed their best month of the year in September, rising 3.48%, according to the Hennessee Group.
Despite that optimistic report, hedge funds weren’t able to fully capitalize on the strongest September in more than 70 years for the Standard & Poor’s 500 Index and Dow Jones Industrial Average. The latter added 8.9% last month, but still trails the Hennessee Hedge Fund Index, which is up 4.7% in 2010, for the year.
“Hedge funds had their best month since May of 2009 and continue to outperform the broad market year-to-date,” Hennessee’s Charles Gradante said. “While managers are concerned about elevated macroeconomic risks, we are beginning to see growing optimism about the equity markets in the short term.”
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…