Sunday, 24 May 2015
Last updated 1 day ago
May 16 2013 | 12:36pm ET
Hedge funds inched up in April as the equity market rally continued apace.
The Barclay Hedge Fund Index added 0.75% last month and is up 4.96% on the year. By contrast, the Standard & Poor's 500 Index rose 1.8% in April and is up over 12% on the year.
"Equity markets rose again in April on indications of continued easing early in the month and positive earnings reports later in the month," BarclayHedge President Sol Waksman said.
Only three BarclayHedge strategy indices lost ground last month: equity short bias, equity-market neutral and technology, losing 4.59% (down 13.3% year-to-date), 0.89% and 0.72%, respectively.
On the other hand, Pacific Rim equities surged 4.39% (13.5% YTD). distressed securities 1.58%, global macro 1.46%, emerging markets 1.22% and healthcare and biotechnology 1.17%.
Funds of hedge funds added 0.6% in April (3.96% 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…