Monday, 27 April 2015
Last updated 4 hours ago
Aug 22 2007 | 11:09am ET
Hedge funds gained 0.62% in July, according to flash estimates from the Barclay Hedge Fund Index.
Eleven of Barclay’s 18 Hedge Fund Index gained ground last month with Equity Short Bias leading the way at 6.56% (2.12% YTD) followed by Emerging Markets up 3.19% (16.46% YTD).
“Although we’re seeing more hedge fund losses this month, the bottom line is that the overall hedge fund and fund of funds index are positive once again,” said Barclay Group founder Sol Waksman. “Except for the handful of funds that blew up, the sky is not falling.”
However, six sectors did lose ground in July. The Healthcare and Biotech Index fell 2.48%, Merger Arbitrage lost 1.59%, and the Event Driven Index was down 0.66%. “There have been some well-publicized losses among a few high-profile funds that invest in sub-prim mortgages,” said Waksman. “Those losses highlighted weakness in the fixed-income sector and sparked a wave of selling in equity markets that sent stock prices into the loss column in July.”
Year to date, the Barclay Hedge Fund Index has returned 8.05%.
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…