Saturday, 25 April 2015
Last updated 10 hours ago
Apr 6 2011 | 9:39am ET
Dow Jones Indexes and Credit Suisse have launched a new index that will track the “liquid, investible hedge fund universe” through the performance of managed accounts and other regulated fund structures.
Its creators say the Dow Jones Credit Suisse Core Hedge Fund Index is designed to reflect "the broadest representation of the liquid hedge fund universe with limited platform bias."
Oliver Schupp, president of Credit Suisse Index, said the index was launched in response to increasing investor demand for “more transparency and liquidity in the hedge fund universe” in the wake of the 2008 credit crisis.
The index will be rebalanced quarterly, is UCITS III compliant and includes 40 component funds across seven style-based sectors: event driven, long/short equity, global macro, emerging markets, managed futures, fixed-income arbitrage and convertible arbitrage. Index constituents are required to provide daily valuations and weekly, or better, liquidity.
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…