Tuesday, 26 May 2015
Last updated 10 min ago
Apr 4 2013 | 12:41am ET
Hedge funds managed to crawl back from their early year losses last month to finish the first quarter in the black, according to an industry replication index.
IndexIQ's IQ Hedge Composite Beta Index rose 0.54% in March and is up 0.32% on the year. By contrast, the Standard & Poor's 500 Index is up more than 10% through 2013's first three months.
Five of IndexIQ's six strategy beta indices were up last month, led by long/short, which rose 1.38% (3.11% year-to-date). Fixed-income arbitrage added 1.04% (2.51% YTD) and global macro 0.91% (down 0.63% YTD).
Event-driven and market-neutral were up slightly on the month, 0.18% (down 0.73% YTD) and 0.16% (0.15% YTD), respectively.
Emerging markets was the only loser, falling 0.51%. The strategy is down 2.51% on the year.
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…