Saturday, 18 April 2015
Last updated 19 hours ago
Feb 5 2014 | 8:29am ET
Hedge funds sank in January, weighed down by stock prices, which dropped even more, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index fell 0.94% last month, as the Standard & Poor's 500 Index dropped 3.5%. Four of the five strategies tracked by the LAB suite lost ground, "led" by managed futures, which fell 3.45% on the month.
The long/short LAB index dropped 1.76% in January, global strategies fell 1.18% and merger arbitrage was off by 0.92%.
The only strategy to post a winning January was 2013's best performer, event-driven, which rose 0.18% on the month.
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…