Sunday, 29 March 2015
Last updated 1 day ago
Jun 19 2012 | 2:04pm ET
Hedge funds fell in May, with more than one-third of strategies in the red.
The Lyxor Hedge Fund Index lost 0.55% last month, cutting its year-to-date performance to 0.96%. Just five of the 14 strategies tracked by Lyxor gained ground in May.
Among those that managed the feat as stocks sank were commodity trading advisors, both short-term (5.35% in May, 1.84% year-to-date) and long-term (2.21%, 0.98% YTD). Distressed securities also did well, rising 0.61%. Statistical arbitrage funds also rose in May, while equity market neutral was flat.
On the other hand, long-bias equity funds dropped 4.05%, special situations 2.75%, long/short credit 2.45%, variable bias long/short equity 1.84% and merger arbitrage 0.37%.
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…