Tuesday, 26 May 2015
Last updated 11 min ago
Dec 8 2011 | 1:01pm ET
Although hedge fund launches were down and liquidations up in Q3 compared to the previous quarter, 2011 is still on track to be the best year for new fund launches since 2007.
According to HFR’s latest Market Microstructure Industry Report, there were 265 hedge fund launches in Q3 2011—down by 15 from Q2 2011, but up slightly compared to Q3 2010.
The third quarter saw 213 hedge fund liquidations—20 more than in Q2 2011 and 45 more than in Q3 2010.
Q3 2011 liquidations were the highest quarterly total since Q1 2010, when 240 funds liquidated.
On the other hand, hedge fund launches remain on pace for their highest calendar year total since 2007, which saw the launch of almost 1,200 funds.
HFR also noted that hedge fund dispersion was up 30% in a volatile quarter that saw managers influenced by macro considerations surrounding the European sovereign debt crisis.
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…