Friday, 24 April 2015
Last updated 4 hours ago
Dec 5 2012 | 11:55am ET
Hedge funds bounced back a bit in November, according to one industry tracker.
Hedge Fund Research's HFRX Global Hedge Fund Index nearly made up for October's 0.52% decline with a 0.41% jump in November. The benchmark is up 2.57% on the year, far behind the broader markets with just a month to go in 2012.
Fundamental growth funds added 1.83% last month (4.62% year-to-date). Emerging markets funds rose 1.36% (6.75% YTD), credit funds 1% (6.09% YTD), convertible arbitrage funds 0.93% (6.07% YTD) and special situations 0.92% (3.78% YTD).
Event-driven funds added 0.58% on the month (4.61% YTD), equity hedge funds 0.49% (4.35% YTD), macro funds and commodity trading advisers 0.31% (down 1.64% YTD) and relative value arbitrage funds 0.26% (2.31% YTD).
Just two strategies lost ground in November: Systematic diversified CTAs, which fell another 0.61% to extend their worst-of-the-year loss to 8.18%, and master-limited partnership funds, which lost 0.14% (up 5.25% 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…