Friday, 27 March 2015
Last updated 33 min ago
Oct 4 2011 | 12:43pm ET
August was the worst month for hedge funds in almost three years, and September wasn't much better, capping off the worst quarter for the industry since the height of the financial crisis.
The average hedge fund slipped 2.31% last month, Bank of America's Hedge Fund Monitor shows. That leaves the average fund down 5.02% in the third quarter, the worst such figure since the third quarter of 2008, when the average hedge fund lost 9.48%.
Long/short hedge funds were hardest hit in September, shedding 4.76%. Commodity trading advisers, with flat returns, were the best on the month.
The BofA report blamed the European debt crisis and a collapse in commodities prices for the losses.
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…