Sunday, 24 May 2015
Last updated 1 day ago
Apr 10 2007 | 10:40am ET
All signs are pointing north for hedge fund returns. According to the Barclay Hedge Fund Index, hedge fund returns are up for the ninth straight month, gaining 0.88% in March.
Sixteen of Barclay’s 18 hedge fund indices showed gains in March with the Emerging Markets Index leading the way (+1.8%), followed by event driven (+1.54%), European Equities (+1.51%), Fixed Income Arbitrage (+1.27%), and Multi Strategy (+1.22%).
“Equity prices in most developed countries fared well in March, as national indices rose in all major markets except Japan and Ireland,” said Sol Waksman, founder and president of The Barclay Group. “Fears of a hedge fund blowup stemming from problems in the U.S. sub-prime lending sector seem to have been unfounded.”
However, two hedge fund indices that did lose value last month include Pacific Rim Equities (-0.18%) and Global Macro (-0.66%).
“Equity market declines in Japan, Thailand and Taiwan pulled down the Pacific Rim sector this month,” said Waksman.
Overall, the Barclay Hedge Fund Index is up 2.88% for the year.
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…