Tuesday, 26 May 2015
Last updated 3 days ago
Jan 4 2012 | 2:10am ET
Investors returned to hedge funds in November, even as the industry lurched towards its second-worst year in history.
Hedge funds took in $3.6 billion in new money in November, according to BarclayHedge and TrimTabs Investment Research. The inflows, which boosted the industry's size to $1.71 trillion, follow two consecutive months of outflows, totaling $11.6 billion.
"After months of outflows across nearly every hedge fund category, November saw outflows in only two investment styles," BarclayHedge's Sol Waksman said.
Those two where emerging markets and long/short equity strategies, which suffered outflows of $1.3 billion and $1 billion, respectively. By contrast, multi-strategy and macro funds pulled in the dollars, with the former adding $1.5 billion and the latter $981 million.
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…