Saturday, 28 March 2015
Last updated 15 hours ago
Feb 14 2013 | 12:54pm ET
Hedge funds advanced 2.69% in January, according to the Hennessee Hedge Fund Index.
“Hedge funds performed well in January, capturing a significant portion of the market upside,” said the Hennessee Group's Lee Hennessee. “Recent performance reflects a shift away from a market driven by macro news flow and towards a market driven by fundamentals. This shift should benefit hedge fund managers.”
Of the 22 Hennessee strategy indices reporting, only one—short-biased—lost ground in a month that saw the Standard & Poor's 500 Index rise by more than 5%. Short-biased funds lost an average of 3.22% on the month.
Asia-Pacific funds did best in January, jumping 5.32%. It was the only strategy, however, to top the S&P. Financial equities funds rose 4.59% on the month, Europe funds 4.44%, international funds 4.21%, macro funds 3.9%, value funds 3.79% and Latin America funds 3.72%.
Emerging markets funds added 2.93%, event-driven funds 1.79%, fixed-income funds 1.6%, convertible arbitrage funds 1.34%, market neutral funds 1.27%, distressed funds 1.21% and merger arbitrage funds 0.64%.
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…