Saturday, 28 March 2015
Last updated 10 hours ago
Feb 16 2011 | 8:13am ET
Hedge funds gained 0.06% in January, according to the Eurekahedge Hedge Fund Index, their seventh consecutive positive month.
The sector attracted $3.39 billion in net asset flows, but performance-based growth was negative $2.13 billion. Total assets under management rose by $1.26 billion to $1.68 trillion.
Elsewhere the report noted that while the Eurekahedge Hedge Fund Index was 0.13% in January 2011, Japan was up 1.1% and Korea up 1.57%.
Distressed debt funds continued their strong performance, adding 1.37% in January.
North American hedge funds have now racked up 12 straight months of net positive asset flows, their longest such run since 2004.
In addition, more than 30 funds were launched in January; European hedge funds have seen net positive asset flows of $20.3 billion since July; and 56% of hedge fund managers are above their high-water mark since December 2008.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…