Sunday, 29 March 2015
Last updated 2 days ago
Apr 5 2012 | 1:04pm ET
Following their second-worst year in history, hedge funds posted a positive first quarter.
While the Dow Jones Credit Suisse Core Hedge Fund Index lost ground last month, falling 0.82%, it ended the first quarter up 2.75%. But that badly trails the broader markets: The Standard & Poor's 500 Index rose about 12% in the year's first three months.
Just two of the seven strategies tracked by the Dow Jones Credit Suisse indices were in positive territory for March. Convertible arbitrage funds rose an average of 0.18% (6.09% year-to-date) and fixed-income arbitrage funds 0.05% (1.42% YTD).
On the other side of the ledger, event-driven funds lost 0.02% on the month (up 4.39% YTD), global macro 0.06% (up 2.84% YTD), emerging markets 0.98% (up 2.64% YTD), managed futures 2.11% (down 0.5% YTD, the only strategy in negative territory in the first quarter) and long/short equity 2.54% (up 2.65% YTD).
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…