Saturday, 28 March 2015
Last updated 15 hours ago
Aug 8 2012 | 12:04pm ET
Caution cost hedge funds a chance to profit from July's market rally, a major industry index shows.
The Hennessee Hedge Fund Index rose just 0.47% last month, compared to 1.26% for the Standard & Poor's 500 Index. Arbitrage and event-driven funds managed a 0.7% gain, while long/short equity funds had to settle for an average bump of 0.05%.
"July was another choppy month for equity markets and risk assets in general," Hennesse Group's Charles Gradante said. He noted that shorts hurt hedge fund performance in July, making it difficult for managers to increase their short bets.
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…