Wednesday, 1 April 2015
Last updated 59 sec ago
May 22 2013 | 12:37pm ET
It's not exactly news, but hedge funds have been "lackluster" to say the least this year, according to a new Goldman Sachs report.
The average fund trails the Standard & Poor's 500 Index by about 10 percentage points, Amanda Sneider and David Kostin wrote. The former is up about 5.4% through May 10, and the latter 15.4%.
Hedge funds also badly trail the average mutual fund, which is up 14.8% during the period.
The "multi-year trend of lackluster hedge-fund returns continues in 2013," the analysts wrote. "Strong long performance was not enough to outweigh the drag from popular short positions," including Johnson & Johnson and Gilead Sciences.
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…