Tuesday, 31 March 2015
Last updated 12 hours ago
Jan 3 2014 | 3:08pm ET
Hedge funds closed out an extremely disappointing year this week, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index returned just 7.35% in 2013, rising 0.48% last month. The Standard & Poor's 500 Index, by contrast, soared nearly 30%.
Even the strongest hedge fund strategy tracked by Credit Suisse couldn't come close to matching that; the Event Driven Liquid Index ended 2013 up just 10.88% after a 0.83% December return. It was the only LAB strategy to finish the year up by double digits.
Long/short funds rose an average of 7.88% (0.24% in December), managed futures funds 7.49% (1.01% in Dec.), merger arbitrage funds 6.95% (0.12% in Dec.) and global strategies 5.91% (0.41% in Dec.).
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…