Friday, 22 May 2015
Last updated 3 hours ago
Oct 3 2007 | 11:28am ET
The going for many hedge funds was tough this summer, to say the least, but it wasn’t doom and gloom for everyone. Four of the six strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in September, and five of the six strategies ended the third quarter in positive territory for the year.
Equity long/short funds were the best performers of the month, rising 4.86% in September, enabling the strategy to post a gain of 4.37% for the third quarter. With a return of 16.15%, the strategy is also currently the top performer for the year.
Merger arbitrage came in a close second, up 4.04% for the third quarter and 15.04% for the year.
Other strategies that were in the black last month include event driven and convertible arbitrage, which both gained more than 1% in September and are up 2.53% and 6.84%, respectively.
Equity market neutral funds were the lone sore spot, according to the index, dropping 0.63% in September and 0.38% for the year.
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…