Wednesday, 6 May 2015
Last updated 15 hours ago
Oct 8 2010 | 11:43am ET
The average hedge fund returned 1.97% last month, according to the Lyxor Hedge Fund Index.
September's performance, the year's strongest, pushed the index to 2.82% for the year.
Special situations funds enjoyed the best month, rising 4%. Equity long-bias funds also did well during the best month for the Standard & Poor's 500 Index and Dow Jones Industrial Average since the Great Depression, adding 3.91%. Global macro funds rose an average of 2.47%.
Given the stock market rally, it's no surprise to see short-bias hedge funds take the biggest hit in September. The average short hedge fund lost 7.96% on the month.
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…