Tuesday, 5 May 2015
Last updated 6 hours ago
Feb 18 2014 | 1:49pm ET
The Hennessee Hedge Fund Index fell 0.18% in January, beating the S&P 500 which dropped 3.56%.
Equity long/short hedge funds gained 0.83% in January. The best-performing sectors were utilities (up 2.88%), healthcare (up 0.87%) and information technology (down 2.59%) while underperforming sectors included energy (down 6.33%), consumer discretionary (down 5.97%) and consumer staples (down 5.30%).
Arbitrage/event-driven funds rose 0.58% in January. Distressed funds rose 1.01%; merger arbitrage funds gained 0.55%; and convertible arbitrage funds jumped 2.54%.
Global/macro funds lost 2.27%. International funds were down 3.69% while emerging markets fell 1.48%. Macro funds fell 1.77% for the month of January.
Fixed-income funds added 0.20% in January.
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…