Monday, 30 March 2015
Last updated 2 days ago
Mar 7 2013 | 9:09am ET
Hedge funds posted their fourth consecutive month of gains in February, adding 0.28%, according to eVestment.
Mortgage strategies posted the biggest returns, adding 1.32% on the month (up 3.36% on the year); followed by long/short equity, up 1.12% on the month (and 4.56% YTD); multi-strategy, up 0.87% on the month (and 2.83% YTD); and event-driven/distressed, up 0.75% in February (and 2.65% YTD).
Also in the black last month were market neutral equity strategies, up 0.64% (and 1.78% YTD); and relative-value credit, up 0.52% (and 1.75% YTD).
The only losing strategies in February were managed futures, down 1.49% (and down 0.09% YTD); and macro, down 0.01% (but up 0.97% YTD).
Purely systematic trading strategies were up 0.42% YTD in February compared to gains of 3.10% for discretionary strategies. eVestment says these numbers illustrate the difficulties facing systematic strategies “in markets where current prices are likely being influenced very differently by the array of factors than modeled in the past, perhaps a symptom of current global monetary policies.”
Emerging market fund returns were mostly positive, but a few large losses from China-focused funds put them, as a group, down 0.62% for the month (but up 2.28% YTD).
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…