Wednesday, 6 May 2015
Last updated 5 hours ago
Nov 16 2010 | 2:17pm ET
Investors poured more money into hedge funds last month than they have in almost a year.
Net inflows into the industry totaled $18.4 billion in October, HedgeFund.net reports. That's more than 50% more than September's net inflow and marks the fourth straight month of inflows.
It is also the biggest net inflow since November 2009.
Hedge funds made their own breaks in October, as well, with performance gains of $52.7 billion. The industry grew by 3.04% on the month and now manages $2.41 trillion.
"The continuation of net inflows is an important sign of support as the trend in the first half of the year was of declining rates of growth," HFN said.
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…