Sunday, 29 March 2015
Last updated 2 days ago
Aug 3 2011 | 2:13pm ET
Hedge funds' wretched summer continued in July, which the average fund dropping almost 1%, according to one benchmark.
The Credit Suisse Liquid Alternative Beta Index fell 0.95% on the month to cut it's year-to-date return to 2.46%. All four of the LAB strategy indices were also in the red.
"The Credit Suisse Liquid Alternative Beta Index, which aims to reflect the performance of the overall hedge fund industry, generated negative performance in July," Jordan Drachman, head of research for alternative beta strategies. "The long/short equity sectro saw the most significant declines, finishing down 1.69% as uncertainty regarding Greek debt and U.S. debt ceiling negotiations outshone a generally positive Q2 earnings season."
Still, "despite July losses, the strategy remains up 3.43% year-to-date."
The LAB event-driven index fell 1.11% (up 2.8% year-to-date), followed by merger arbitrage (down 0.75% in July, up 3.69% YTD) and global strategies (down 0.6%, up 2.1% 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…