As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 6 hours ago
May 8 2012 | 10:53am ET
Despite an uptick in mergers and acquisitions last month, hedge funds designed to profit for them failed to do so in a big way.
April saw the most M&A activity since October. But event-driven hedge funds posted some of the worst performances of the month, and merger arbitrage funds also suffered losses.
Event-driven funds lost 0.64%, according to the Dow Jones Credit Suisse Hedge Fund Index. Merger arb. funds fell 0.25%, according to Hedge Fund Research. The average hedge fund lost about one-third of a percent in April.