Sunday, 26 April 2015
Last updated 1 day ago
Dec 3 2013 | 1:33pm ET
When the news has been as bad as it has been for foreign exchange hedge funds, any bit of positive spin is worth celebrating.
So it is with the Parker Global Index in October, when the currency hedge fund benchmark inched up 0.32%. That's not much to speak of, given that the average hedge fund added about 1.5% that month, and the Standard & Poor's 500 Index rose about 4.5%. But in a year that has the Parker index down 0.74% and that has seen much larger losses by some of the industry's biggest currency names, it's something.
Systematic currency funds did best in October, rising 0.6%. Discretionary managers had to make do with an average return of just 0.04%, which, if nothing else, is not a loss.
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…