Wednesday, 1 April 2015
Last updated 35 min ago
Sep 7 2012 | 10:28am ET
Hedge funds added 0.53% last month, badly lagging the broader markets, a hedge fund replication index shows.
The disappointing August—a month that saw the Standard & Poor's 500 Index rise almost 2%—leaves the Credit Suisse Liquid Alternative Beta Index up just 2.37% on the year, compared to almost 12% for the S&P500. Long/short funds actually managed to beat the broad-market index last month, rising 2.05%, but remain up just 3.67% on the year, according to Credit Suisse.
Event-driven remains the strongest strategy in the LAB arsenal after a 1.38% jump in August left it up 7.1% on the year. LAB's three other strategies were all in the red for the month.
Managed futures fell 1.5% (down 5.34% year-to-date), global strategies 0.23% (up 0.1% YTD) and merger arbitrage 0.08% (down 2.09% YTD).
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…