Wednesday, 6 May 2015
Last updated 21 hours ago
Sep 5 2013 | 1:19pm ET
Hedge funds fell across the board in August, according to a Credit Suisse benchmark.
The Credit Suisse Liquid Alternative Beta replication index dropped 1.01% last month to cut its year-to-date gains to 2.86%. All six of the suite's strategy indices were also in the red in what Credit Suisse head of alternative beta strategies Jordan Drachman called "a difficult month for hedge funds."
Event-driven funds suffered the most difficulties, dropping 1.54% on the month (up 3.79% year-to-date). Long/short fell 1.05% (up 3.51% YTD), global strategies and managed futures each lost 0.8% (up 2.38% and 4.04%, respectively), and merger arbitrage shed a slight 0.06% (up 5.78% 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…