Wednesday, 6 May 2015
Last updated 6 hours ago
Jan 4 2013 | 10:39am ET
Hedge funds limped to a disappointing finish in 2012, returning less than 7%, according to an industry replication index.
IndexIQ's IQ Hedge Composite Beta Index rose 0.43% last month to reach the figure. Six of its seven strategy benchmarks were also in the black, but none exceeded the return for the Standard & Poor's 500 Index last year, 16%.
The best among them was the Long/Short Beta Index, which ended 2012 up 11.01% (0.32% in December). Fixed-income arbitrage followed at 9.08% (0.81% in Dec.).
Event-driven funds returned an average of 7.22% last year (0.68% in Dec.), emerging markets funds 7.16% (1.7% in Dec.), global macro funds 3.94% (down 2.02% in Dec.) and market-neutral funds 3.16% (0.97% in Dec.).
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…