Saturday, 25 April 2015
Last updated 12 hours ago
Oct 3 2012 | 10:59am ET
Hedge fund platform and brokerage firm EXANTE has launched an index tracking the 20 best-performing hedge fund firms that it services.
EXANTE's eponymous hedge fund index draws from the firm's automated trading platform. While it currently includes funds managed by only 20 firms, EXANTE said the new benchmark is well-diversified by strategy and geography, with both offshore and onshore funds managed from the U.S., U.K., Switzerland, Germany and Canada.
The index rose 1.4% in July, its first official month, and 0.2% in August. Over the past two years, the benchmark is up 36.4%.
According to EXANTE, the difference between its product and its competitors is the due-diligence done on each manager before they can be considered for the index. That helps ensure the accuracy of the performance data, the firm said.
"It is more important to have reliable and audited data in the index rather than having an index comprised of hundreds of funds and CTAs without any external due diligence," Gatis Eglitis, EXANTE's managing partner, said. "The EXANTE Hedge Fund Index includes data which is properly audited and therefore reflects precise industry growth."
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…