Thursday, 26 March 2015
Last updated 8 min ago
Jun 19 2013 | 10:51am ET
Hedge funds took a hit in the first half of June, according to figures from Hedge Fund Research.
The HFRX Global Hedge Fund Index fell 0.95% through mid-June, cutting the benchmark's year-to-date gains to 3.55%. The losses were broadly felt, with only five of the 18 HFRX strategy and sub-strategy indices posting gains on the month.
The losers were led by systematic diversified commodity trading advisors, which fell 1.22% (down 2.88% year-to-date). Multi-region funds dropped 0.85% (up 3.92% YTD), distressed restructuring funds 0.84% (up 3% YTD), macro funds and CTAs 0.78% (down 1.19% YTD) and equity-market neutral funds 0.74% (up 0.28% YTD).
Multi-strategy funds shed 0.69% on the month (up 1.4% YTD), event-driven 0.67% (up 7.88% YTD), relative-value arbitrage 0.65% (up 2.25% YTD), emerging markets 0.63% (up 2.58% YTD), credit 0.51% (up 4.81% YTD), convertible arbitrage 0.11% (up 8.8% YTD) and special situations 0.11% (up 10.45% YTD).
Fundamental value funds were the biggest winners through mid-June, adding 2.51% (9.74% YTD). Equity hedge funds rose 1.66% (7.49% YTD), master-limited partnerships 0.59% (16.59% YTD), fundamental growth funds 0.54% (4.84% YTD) and merger arbitrage funds 0.01% (2.02% 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…