Sunday, 26 April 2015
Last updated 1 day ago
Apr 11 2013 | 9:14am ET
Hedge funds took in a net $11.4 billion in February, despite performance that lagged that of the S&P 500.
The positive February numbers follow January inflows of $4.3 billion, according to the latest data from BarclayHedge and TrimTabs Investment Research.
“The hedge fund industry continues to struggle with performance,” said Sol Waksman, president and founder of BarclayHedge. “The industry delivered a return of 0.4% in February, less than half of the S&P 500’s 1.1% rise. In the past 12 months, hedge funds earned 5.8%, while the S&P 500 rose 10.9%.”
The results are based on data from 3,434 funds.
Funds of hedge funds continued to shed assets, losing $3.3 billion in February and $54.3 billion in the past 12 months. They underperformed the hedge fund industry by 216 basis points in the past 12 months.
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…