Saturday, 23 May 2015
Last updated 1 day ago
Apr 8 2013 | 11:25am ET
Several prominent hedge funds enjoyed gains last month—and last quarter—while also lagging the broader markets.
SAC Capital Advisors, Jana Partners, Renaissance Technologies and Passport Capital all rose in March. But only Passport's Long Short Fund came close to matching the Standard & Poor's 500 Index, rising 3% to the S&P's 3.1%. Even that fund falls short year-to-date, up only 6.8% while the S&P rose more than 10% in the first quarter.
Passport's Global Fund rose 2.3% in March, according to Bloomberg News, and is up 5.9% on the year. Jana Partners' Nirvana Fund also rose 2.3% last month and is up 8.9% on the year, while the firm's eponymous flagship added 1.5% on the month and 6.1% on the quarter.
RenTech's Institutional Diversified Alpha Fund added 1.4% through March 15 and is up 6.6% on the year through that date. SAC's International Fund rose 1% through March 31, and 4.5% in the quarter.
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…