Wednesday, 6 May 2015
Last updated 1 hour ago
Jun 5 2014 | 11:04am ET
While the stock market continues to set records, hedge funds continue to fall behind, according to a set of industry replication indices.
The average hedge fund rose 0.61% in May, the Credit Suisse Liquid Alternative Beta Index shows. The Standard & Poor’s 500 Index gained 2.1% on the month.
Year-to-date, the gap is just as striking, with the S&P up over 4% and the LAB index up just 1.6%.
Long/short was the best-performing strategy tracked by the LAB suite in May, rising 1.81% (2.82% YTD). Global strategies added 0.57% (0.88% YTD) and managed futures 0.47% (down 4.4% YTD).
Merger arbitrage took a big hit in May, falling 1.55% (down 2.48% YTD). Event-driven dipped 0.15% on the month (up 2.48% YTD).
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…