Sunday, 29 March 2015
Last updated 1 day ago
Dec 10 2013 | 3:02pm ET
It has not been a lost year for all hedge funds.
With the average hedge fund mired in the mid-to-high-single digits while the Standard & Poor's 500 Index surges towards a 30% return, 2013 is not likely to go down as one of the industry's best. But several well-known firms are easily beating the pack, though remaining far behind the broader markets.
Renaissance Technologies' Institutional Equities Fund is up 18% this year, according to Bloomberg News. Tudor Investment Corp.'s flagship BVI Global Fund has added 12%.
But Bridgewater Associates, the world's largest hedge fund, will—barring a torrid December—have to settle for mediocre this year: Its Pure Alpha II is up just 6.1% this year, in line with most industry indices.
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…