Saturday, 23 May 2015
Last updated 14 hours ago
Jul 8 2013 | 10:16am ET
Hedge funds took a hit in June, according to an industry replication index.
IndexIQ's IQ Hedge Composite Beta Index fell 1.97% last month, erasing its year-to-date gains and leaving it down 1.86% on the year.
In addition, all six of IndexIQ's hedge fund strategy benchmarks lost ground on the month. Event-driven was hardest-hit, dropping 2.93% (down 2.76% year-to-date), followed by emerging markets (down 2.44% in June, down 5.91% YTD) and long/short (down 2.14%, up 0.88% YTD).
Fixed-income arbitrage dropped 1.76% on the month (up 1.23% YTD), global macro 1.42% (down 3.66% YTD) and market-neutral 1.17% (down 0.99% 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…