Wednesday, 6 May 2015
Last updated 18 hours ago
Nov 15 2013 | 11:48am ET
Hedge funds took in more than $4 billion in new money in September, pushing the industry to its highest asset level in five years.
The net inflow of $4.1 billion was the third positive month in a row for hedge funds, according to BarclayHedge and TrimTabs Investment Research.
"The hedge fund industry has received $51.6 billion in 2013, which is a huge turnaround from the outflow of $2.6 billion in the same period last year," BarclayHedge founder Sol Waksman said.
Funds of hedge funds haven't seen that turnaround, however, posting their 22nd monthly outflow in the last 24 months. September's net outflow was $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…