Sunday, 19 April 2015
Last updated 19 hours ago
Oct 30 2012 | 3:41pm ET
Even before Hurricane Sandy slammed the nation's financial and hedge fund center, October was shaping up to be a forgettable month for the hedge fund industry.
Bank of America Merrill Lynch said that hedge funds were down 0.45% on the month through Oct. 25, just one trading day before the markets closed in advance of Sandy's arrival. On the bright side, that makes October one of the very few months to see hedge funds top the broader markets; the Standard & Poor's 500 Index, which is up significantly more than the average hedge fund on the year, lost more than 2% in the first three weeks of October.
Long/short strategies are doing best this month, up 0.28%. Commodity trading advisors are the worst, down 3.28%.
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…