Sunday, 24 May 2015
Last updated 2 days ago
Nov 5 2010 | 11:43am ET
Hedge funds followed up their best September ever with further gains in October, according to a trio of early-reporting indices.
The average fund returned between 1.1% and 1.5%, the indices show, bringing year-to-date returns to between 4.2% and 6.7%, depending on how optimistic an index you choose. Hedge Fund Research’s HFRX index rose 1.12% on the month (4.8% year-to-date), the Bloomberg Aggregate Hedge Fund Index added 1.5% (4.2% YTD) and the Credit Suisse Liquid Alternative Beta Index returned 1.14% (3.58% YTD).
“The Credit Suisse Long/Short Liquid Index was the greatest positive contributor for the second month in a row, posting returns of 2.43%, as managers benefited from global equity market rallies,” Credit Suisse’s Jordan Drachman said. “Similarly, the Credit Suisse Event Driven Liquid Index was up 2.17% in October, pushing year-to-date performance into the double digits (up 11.25%). Global Macro was the only sector with negative performance in October finishing down 1.19%."
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…