Monday, 27 April 2015
Last updated 2 days ago
Nov 7 2012 | 1:49pm ET
Hedge funds in October lost as much as they had gained the prior month, according to one prominent industry benchmark, leaving them up an average of just 2% on the year.
The Dow Jones Credit Suisse Core Hedge Fund Index fell 0.47% last month, cutting its year-to-date return to 2.03%. By contrast, the Standard & Poor's 500 Index lost almost 2% in October but remains up more than 10% on the year.
Four of Dow Jones' seven strategy benchmarks lost ground last month. Managed futures took the biggest hit, falling 3.84% (down 5.67% year-to-date). Long/short equity funds shed 0.75% (up 1.28% YTD), global macro funds 0.51% (up 4.32% YTD) and fixed-income arbitrage funds 0.04% (up 1.69% YTD).
On the other side of the ledger, event-driven funds added 0.75% (4.27% YTD), convertible arbitrage funds 0.61% (6.55% YTD) and emerging markets funds 0.48% (0.37% YTD).
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…