Sunday, 24 May 2015
Last updated 1 day ago
Jun 6 2012 | 10:13am ET
Hedge funds suffered their worst month of the year in May, dropping 1.5% overall with widespread losses among hedge fund strategies.
Last month's troubles, which were not nearly as bad as those suffered by the Standard & Poor's 500 Index, leave the Dow Jones Credit Suisse Core Hedge Fund Index up just 0.88% on the year. All but one of the seven strategies tracked by the suite were down; managed futures, by contrast, were way up, adding 3.52% (3.13% year-to-date).
But a sea of red consumed other major strategies, notably long/short equity, which fell 5.08% on the month to drop into the red for the year, down 3.17%, and emerging markets, down 2.33% (down 0.1% YTD). Event-driven funds lost 2.25% in May (up 1.39% YTD), fixed-income arbitrage funds 1.14% (up 0.55% YTD), convertible arbitrage funds 1.06% (up 4.79% YTD) and global macro funds 0.45% (up 2.03% YTD).
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…