Monday, 4 May 2015
Last updated 1 hour ago
Feb 6 2013 | 2:20pm ET
Hedge funds returned about 2.62% last month, roughly half the gain managed by the Standard & Poor's 500 Index during 2013's first 31 days, the Greenwich Global Hedge Fund Index shows.
The latter benchmark rose 5.1% last month. None of the eight strategies tracked by Greenwich Alternative Investments managed such a return in January.
Long/short equity funds led the way last month with a 3.66% return, followed by long/short credit at 2.39%, multi-strategy at 2.23%, event-driven at 2.17% and macro at 2.08%. Futures funds added 1.83%, equity-market neutral funds 1.56% and arbitrage funds 1.16%.
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…