Tuesday, 5 May 2015
Last updated 7 hours ago
Aug 16 2011 | 2:55pm ET
Hedge funds inched up in July, successfully navigating market volatility to end a two-month losing streak, according to RBC Capital Markets.
The RBC Hedge 250 Index returned an estimated 0.29% last month, bringing the benchmark to 0.93% on the year. The return was buoyed by macro and managed futures funds, which rose 1.58% (down 0.66% year-to-date) and 1.13% (down 4.57% YTD), respectively.
Fixed-income arbitrage funds average an estimated 0.68% return (8.1% YTD), followed by equity market neutral at 0.62% (1.36% YTD) and event-driven credit funds at 0.2% (4.3% YTD).
Equity long/short funds were roughly flat, falling a microscopic 0.02% in July (up 0.94% YTD). Multi-strategy funds lost an average of 0.1% (up 1.05% YTD), which convertible arbitrage funds shed 0.52% (up 4.8% YTD) and mergers and special situations funds 0.84% (down 4.57% YTD).
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…