Wednesday, 6 May 2015
Last updated 16 hours ago
Feb 19 2013 | 12:55pm ET
Asian hedge funds reported their best-ever January returns in 2013, adding 4.15%, according to Eurekahedge.
Funds based in the region added 9.79% in 2012 and now manage US$127.8 billion. Japanese hedge funds delivered their best monthly return since December 2005 and their strongest January return on record—up 5.25%
January was a strong month for hedge funds generally, as they posted their strongest returns in 24 months, adding 2.32%.
Asian hedge funds saw 123 launches and 143 closures in 2012, bringing the current total down to 1,291.
CTA/managed futures funds gained 1.77% in January, more than they gained in all 2012.
According to Eurekahedge data, hedge fund industry assets under management grew by US$17.8 billion in January 2013, bringing the size of the industry to US$1.79 trillion. Hedge funds posted performance-based gains of US$13.9 billion as all strategies finished the month in the black. The industry also witnessed net positive asset flows of US$3.9 billion during the month.
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…