Sunday, 29 March 2015
Last updated 1 day ago
Oct 16 2013 | 10:12am ET
Hedge funds added 1.27% in September, fueled by an early-month stock-market rally that fizzled amid fears of the U.S. budget impasse.
The Credit Suisse Hedge Fund Index bounced back from a down August and is up 5.35% on the year. By contrast, the Standard & Poor's 500 Index is up almost 20% after adding more than 3% last month.
All strategies and substrategies tracked by Credit Suisse posted gains save for two, led by long/short equity funds, which rose 2.64% on the month (10.74% YTD). Event-driven multi-strategy funds returned 1.49% (10.11% YTD), event-driven funds 1.45% (10.17% YTD), multi-strategy funds 1.42% (6.62% YTD), distressed funds 1.38% (10.36% YTD), and emerging markets funds 1.28% (4.18% YTD).
Equity-market neutral rose 0.91% (3.93% YTD), global macro 0.84% (1.41% YTD), risk arbitrage 0.81% (3.79% YTD), fixed-income arbitrage 0.51% (2.47% YTD) and convertible arbitrage 0.24% (4.72% YTD).
The losing strategies were dedicated short bias, which plummeted a further 5.52% and is now down 21.92% on the year, and managed futures, which edged down 0.15% (down 7.39% YTD).
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…