Wednesday, 1 April 2015
Last updated 44 min ago
May 8 2013 | 8:49am ET
Hedge funds rose in April—but not by much.
The average fund returned 0.5% last month, according to the Bloomberg Hedge Funds Aggregate Index. The benchmark is now up 3.2% on the year, far behind the broader markets; the Standard & Poor's 500 Index is up by double-digits after returning 1.8% last month.
Macro funds added 0.7% in April and are up 1.4% in 2013. Multi-strategy funds rose 0.3% on the month (2% year-to-date), and long/short equity funds 0.1% (3.9% 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…