Sunday, 3 May 2015
Last updated 2 days ago
Jul 20 2011 | 8:15am ET
Hedge funds lost 1.22% in June, ending H1 2011 with a gain of 0.33%, according to the most recent data from Eurekahedge.
June was characterized by “trend reversals in the markets and changes in investor risk appetite,” according to the research company, but hedge funds still managed to outperform their underlying markets—the MSCI World index declined 1.88% for the month.
The month got off to a bearish start, amid concerns about the slowing U.S. economy and Europe’s sovereign debt crisis, but Eurozone developments and good news from China reversed that trend in the second half.
Japanese hedge funds were a bright spot in June, up 0.25% on average, Latin American funds were flat.
Hedge fund assets were down by US$8.8 billion in June, although the sector continued to attract capital for the seventh consecutive month. Assets gained through performance in the first half totaled a “modest” US$20 billion, according to Eurekahedge.
Hedge fund asset flows, on the other hand, were positive in June, at US$2.6 billion and the sector has attracted a record US$116.2 billion in the last six months.
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…