Monday, 27 April 2015
Last updated 2 hours ago
Jul 9 2013 | 12:25pm ET
Hedge funds fell across the board last month, data from Hedge Fund Research shows.
The HFRX Global Hedge Fund Index fell 1.33% in June, leaving it up 3.16% on the year. In addition, all but one of the 16 strategies and substrategies tracked by the suite tumbled on the month, as well.
Fundamental growth funds were hardest hit, dropping 4.72% in June (down 2.05% year-to-date). Equity hedge funds fell 1.89% (up 4.59% YTD), multi-strategy relative-value funds 1.7% (up 0.37% YTD), relative-value arbitrage funds 1.46% (up 1.41% YTD), distressed restructuring funds 1.3% (up 2.53% YTD) and event-driven funds 1.14% (up 7.37% YTD).
Special situations fell 0.97% in June (up 9.5% YTD), systematic diversified commodity-trading advisers 0.9% (down 2.57% YTD), emerging markets 0.82% (up 2.38% YTD), credit 0.74% (up 4.57% YTD), macro and CTAs 0.66% (down 1.07% YTD), equity-market neutral 0.63% (up 0.6% YTD), fundamental value 0.57% (up 8.68% YTD), convertible arbitrage 0.46% (up 8.42% YTD) and merger arbitrage 0.21% (up 1.79% YTD).
Only master-limited partnerships gained ground last month, adding 2.46% (18.72% 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…