Monday, 30 March 2015
Last updated 2 days ago
Nov 5 2012 | 1:19pm ET
Hedge funds suffered a through a tough October, with only event-driven funds providing a glimmer of good news, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index dropped 0.64% last month. After a year of trailing the Standard & Poor's 500 Index, the benchmark managed to beat it in October, but only by missing out on the broader market's full decline.
The index is up only 2.31% on the year, and in October, event-driven "was the sole contributor to performance, finishing up 0.94% for the month," Jordan Drachman, head of alternative beta strategies at Credit Suisse said. Drachman also noted that, with a return of 9.12% on the year, event-driven "continues to be the highest-performing strategy" in 2012.
The other four strategies tracked by the LAB indices were in the red on the month. Managed futures funds fell 2.41% (down 8.84% year-to-date), and long/short funds lost 2.01% (up 2.94% YTD). Merger arbitrage funds dropped 1.28% in October (down 4.18% YTD) and global strategies shed 0.86% (down 0.53% 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…