Sunday, 3 May 2015
Last updated 1 day ago
Jun 5 2013 | 11:57am ET
Hedge funds were flat in May, continuing to miss out on the ongoing market rally, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index neither gained nor lost ground last month, while the Standard & Poor's 500 Index rose a further 2% to reach 15.4% on the year. The Credit Suisse hedge fund benchmark is up just 3.3% in 2013.
Merger arbitrage was the best-performing strategy last month, rising 1.25% (5.5% year-to-date). Long/short added 0.48% (2.55% YTD) and event-driven 0.23% (4.59% YTD).
Managed futures fell 0.43% in May (up 5.43% YTD), while global strategies lost 0.21% (up 3.04% 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…