Friday, 22 May 2015
Last updated 4 hours ago
Dec 3 2012 | 11:31am ET
Quantitative hedge funds haven't had the easiest time over the last few months, except when it comes to getting off the ground.
A record number of quant. funds debuted last year, 187, and that total is expected to be exceeded this year. According to Preqin, it has already noted 95 new quant fund launches this year, even with data that typically sees a six- to nine-month lag.
Total hedge fund launches in the first quarter of this year were up 40% from the year-ago period.
"We expect 2012 numbers to exceed those of 2011," Amy Bensted, head of hedge funds at Prequin, told the Financial Times.
While those new funds seem to have no trouble raising enough to get off the ground, they're likely to be disappointing investors. The average systematic fund is down more than 3% this year, according to Hedge Fund Research, while the average hedge fund is up.
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…