Friday, 27 March 2015
Last updated 1 hour ago
Jul 6 2011 | 10:08am ET
Hedge funds lost 0.58% in June, according to the Credit Suisse LAB Liquid Indices.
The declines reflect continuing difficulty for global stock markets and “uncertainty regarding Greek debt,” Jordan Drachman, head of alternative beta strategies research at Credit Suisse. The flagship Liquid Alternative Beta Index remains up for the first half despite losing ground in May and June at 3.44%.
All four of the strategies tracked by the suite of indices were in the red, none more so than event-driven, which lost 1.43% (up 3.95% year-to-date). Merger arbitrage funds fell 0.73% on the month (up 4.48% YTD), long/short funds fell 0.36% (up 5.2% YTD) and global strategies funds lost 0.27% (up 2.72% YTD).
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…