Saturday, 28 March 2015
Last updated 10 hours ago
Jul 18 2007 | 9:10am ET
June had seen nothing but good news for hedge fund indices. Until now. At least according to one data provider.
Hedge Fund Research’s HFRX Global Hedge Fund Index declined, slightly, during a month that hedge fund indices have been more or less unanimous: While the Standard & Poor’s 500—and the equity markets it covers—fell during the month, hedge funds produced positive returns. The HFRX index fell 0.07% on the month and is up only 6.39% year-to-date. The S&P500, by contrast, dropped more than 1% last month, but is still up 6.96% on the year.
Three of the HFRX strategy indices joined the main index in the red last month. Event-driven funds fell 0.94% (up 9.05% YTD), equity hedge lost 0.42% (up 7.17% YTD) and relative value arbitrage shed 0.15% (up 4.63% YTD).
On the brighter side, the HFRX Volatility and Diversity indices had strong months, with the latter up 1.35% on the month and 10.39% year-to-date, and the former adding 1.21%, though it remains down 1.2% on the year.
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…