Wednesday, 1 April 2015
Last updated 4 hours ago
May 6 2013 | 1:40pm ET
Hedge funds continue to lag as stocks continue to surge, according to an industry index.
Hedge Fund Research's HFRX Global Hedge Fund Index rose 0.62% in April, a month that saw the Standard & Poor's 500 Index add a further 1.81% to its double-digit returns for the year. By contrast, the HFRX benchmark is up only 3.77% in the first third of 2013.
Emerging markets funds did best in April, rising 2.32% (3.38% year-to-date). Convertible arbitrage funds returned 2.2% (5.97% YTD), special situations funds 1.2% (8.65% YTD) and credit funds 1.12% (4.2% YTD). Master-limited partnerships rose an average of 0.51% on the month to hit 15.98% on the year, by far the best return of any strategy tracked by HFR.
Event-driven funds added 0.95% (6.32% YTD), merger arbitrage funds 0.85% (2.26% YTD), equity hedge funds 0.56% (5.73% YTD), macro funds and commodity trading advisers 0.5% (0.54% YTD), equity-market neutral funds 0.47% (1.02% YTD) and relative-value arbitrage funds 0.47% (2.16% YTD).
Only systematic diversified CTAs lost ground, on average, in April, falling 0.05% (down 0.89% YTD).
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…