Monday, 27 April 2015
Last updated 1 hour ago
May 3 2012 | 12:56am ET
Hedge funds suffered their second consecutive down month in April, with most strategies following the broader markets into the red.
The Credit Suisse Liquid Alternative Beta Index fell 0.27% last month, cutting its year-to-date gain to 1.94%. The benchmark fell 0.83% in March.
Just one of the six strategies tracked by the suite of indices ended April in positive territory: event-driven, which added 0.73% (3.86% year-to-date). For the rest, the LAB indices were grim reading, indeed.
Merger arbitrage funds fell an average of 0.27% (down 0.01% YTD), global strategies 0.43% (up 0.6% YTD), long/short funds 1.07% (up 3.63% YTD) and managed futures 1.21% (down 1.99% YTD).
By contrast, the Standard & Poor’s 500 Index fell about 0.5% in April.
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…