Sunday, 29 March 2015
Last updated 1 day ago
Apr 8 2011 | 11:54am ET
Unrest in the Middle East and Japan’s nuclear crisis affected all financial markets in March and hedge funds were no exception as Hedge Fund Research’s HFRI Weighted Composite Index slipped 0.17% for the month.
Gains by event-driven, relative value arbitrage and equity strategies were offset by macro losses, says HFR.
The Nikkei 225 declined over 8% in March and Japan-focused hedge funds took a hit, reporting an average decline of 0.72% for the month.
Emerging markets gained 1.15% for the month, thanks to positive results from Asia ex-Japan, Latin America, and multiple emerging markets which were only partially offset by losses in Russia/Eastern Europe. Macro strategies were the big losers in March, shedding 1.31%.
Event-driven strategies recorded a seventh straight month of gains, adding 0.61% in March, as did equity hedge, up 0.31%. Relative value strategies also recorded a positive month, adding 0.49%.
The HFRI fund of funds index shed 0.13%, echoing the performance of the HFRI Weighted Composite Index.
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…