Wednesday, 1 April 2015
Last updated 1 hour ago
Dec 14 2012 | 10:46am ET
Hedge funds weathered an up-and-down November to manage a small gain, the Barclay Hedge Fund Index shows.
The average hedge fund rose 0.4% last month, according to the benchmark, which is up 6.36% on the year—about half the performance of the Standard & Poor's 500 Index.
"In spite of an early month sell-off driven by fiscal cliff fears followed by a mid-month rally fueled by encouraging economic data, hedge funds were able to get through the tumult with a small profit in November," BarclayHedge founder Sol Waksman said.
European equity hedge funds led the way, with a 1.54% gain in November. Merger arbitrage funds rose 1.17%, event-driven funds 0.83% and fixed-income arbitrage funds 0.75%. On the year, European equity funds and fixed-income arbitrage funds are among the best performers, up 8.55% and 8.47%, respectively, behind only healthcare and biotechnology (12.93%) and distressed securities (10%).
On the other side of the ledger, equity short-bias funds suffered another loser month, dropping 2.34%. The strategy is the only one tracked by BarclayHedge to be down for the year, a negative 19.34%. Other losing strategies in November were technology, down 0.43%, and global macro, down 0.31%,
Funds of hedge funds matched hedge funds' performance in November and are up an average of 3.4% on the year.
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…