Tuesday, 21 April 2015
Last updated 2 hours ago
Sep 11 2013 | 12:27pm ET
The global hedge fund industry was more than $6 billion smaller at the end of August than at the beginning.
The drop was fueled by another losing month for hedge funds, which fell an average of 0.32% last month, according to Eurekahedge. Still, that was far better than the broader markets, which fell by more than 2%, according to the MSCI World Index.
Indeed, Eureka's August report was peppered with positive spins on what has been a disappointing year for hedge funds. The company noted that event-driven funds returned 0.95% in August (5.7% year-to-date) and distressed debt funds 0.35%. Latin American funds rose 0.48%, Asia ex-Japan funds 0.13% and Japan-focused funds 0.11%.
And some hedge funds, at least, are doing very well: Eureka said it is tracking more than 600 funds with returns over 15% this year, and about 200 funds with returns in excess of 30%. In addition, some 500 new hedge funds have debuted this year.
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…