Monday, 27 April 2015
Last updated 5 hours ago
Aug 19 2013 | 1:33pm ET
Investors poured $5.7 billion into hedge funds in July while performance gains added another $16.8 billion to bring total industry assets under management to $2.67 trillion, reports eVestment.
The month saw macro funds rebound sharply from significant May and June redemptions as investors allocated a net $7.6 billion to these strategies in June.
Credit funds, on the other hand, recorded their largest outflows since January 2012, with investors pulling about $3.6 billion.
Mortgage-backed securities strategies faced a second consecutive month of redemptions in July as investors pulled an estimated $4.1 billion, their largest outflows since 2006.
Multi-strategy, distressed and event-driven funds all experienced net redemptions in July, as did managed futures funds, which recorded an 11th consecutive month of outflows.
Emerging markets funds saw their largest outflows since July 2012 at $2.6 billion.
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…