Sunday, 29 March 2015
Last updated 1 day ago
Jul 9 2013 | 11:05am ET
June was a tough month for hedge funds, according to Lyxor Asset Management.
The Lyxor Hedge Fund Index—and all of its strategy sub-indices—ended last month in the red. The overall benchmark dropped 1.63% on the month, cutting its 2013 gain to just 1.85%.
"The final month of the quarter has seen all strategies giving back performances, but this situation is unlikely to last, according to the managers we spoke to," Lyxor's Stefan Keller said. "From a top-down perspective, new opportunities and more mispricing have resulted from the current conditions, while bottom-up stock-pickers get ready to pick up the pieces during the upcoming Q2 earnings season."
Long-term commodity-trading advisers were the worst performers in June, dropped 2.64%. Equity market-neutral funds fell 2.45% and credit arbitrage funds 2.4%.
Special situations funds shed an average of 2.3%, short-term CTAs 2.1%, global macro 1.9%, distressed 1.8%, long bias 1.7%, variable bias 0.4% and merger arbitrage 0.1%.
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…