Sunday, 19 April 2015
Last updated 21 hours ago
Dec 5 2011 | 12:35pm ET
Hedge funds fell by almost 1% in November, leaving them a long way from break-even on the year, according to one prominent industry index.
The Dow Jones Credit Suisse Core Hedge Fund Index lost 0.95% last month. The benchmark is now down 7.03% on the year with just a month to go.
All but one of the seven strategies tracked by the suite was in the red last month, none more so than convertible arbitrage, which lost 2.35% on the month (down 8.84% year-to-date). Both emerging markets and global macro funds lost an average of 1.43%, the latter now down 10.43% on the year and the former 2.56%.
Long/shore equity funds fell an average of 0.94% (down 5.27% YTD), fixed-income arbitrage funds 0.87% (down 0.86% YTD) and event-driven funds 0.76% (down 11.68% YTD).
Only managed futures funds were in the black last month, rising 0.52%. But they remained down 4.69% thanks to a 5.07% drop in October.
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…