Saturday, 18 April 2015
Last updated 14 hours ago
Jul 12 2013 | 3:08am ET
Investors poured billions into hedge funds in May, more than in any other month over the past two years.
Hedge funds enjoyed a whopping $18.5 billion in net inflows on the month—forty times the amount they took in the previous month, according to BarclayHedge and TrimTabs Investment Research. "In May, the hedge fund industry saw its strongest net inflows in more than two years," BarclayHedge founder Sol Waksman said. "In the first five months of this year, the industry took in $35.7 billion, compared with just $484 million in the same period last year."
Funds of hedge funds added $428 million in May, breaking a streak of 14 straight months of net outflows, capped by a $4.2 billion outflow in April.
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…