Tuesday, 5 May 2015
Last updated 48 min ago
Apr 19 2013 | 12:18pm ET
Hedge funds were essentially flat in the first half of April, with widely dispersed returns among strategies.
The HFRX Global Hedge Fund Index fell 0.09% through Tuesday, Hedge Fund Research said. The benchmark is up 3.04% on the year.
Convertible arbitrage funds turned in the best average return in early April, rising 1.44% (5.18% year-to-date). Merger arbitrage funds rose 0.94% (1.86% YTD), emerging markets funds 0.55% (1.59% YTD), relative-value arbitrage funds 0.39% (2.07% YTD), credit funds 0.33% (3.38% YTD) and equity market neutral funds 0.17% (0.72%).
Fundamental growth funds, by contrast, dropped 1.4% in the first two weeks of the month (up 2.33% YTD). The year's strongest performers, master-limited partnerships, dropped 1.11% but remain up 14.11% on the year. Equity hedge funds shed 0.69% (up 4.41% YTD), special situations funds 0.29% (up 7.05% YTD), event-driven funds 0.04% (up 5.28% YTD) and macro funds and commodity trading advisers 0.02% (up 0.02% YTD).
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…