Sunday, 24 May 2015
Last updated 2 days ago
Oct 21 2013 | 1:34pm ET
Commodity hedge funds took a big hit in the third quarter, as poor performance and investor redemptions hammered the sector.
Commodity managers lost $1.6 billion in assets on the quarter, cutting their total by some 5.6%, according to Hedge Fund Research. All told, the sector now manages $26.5 billion.
Such funds have been burned by low volatility—due in no small part to central-bank quantitative-easing programs—and falling commodity prices. In addition, two of the largest funds in the second, Arbalet Capital and Clive Capital, announced that they would close their doors and return money to investors in September.
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…