Saturday, 18 April 2015
Last updated 2 hours ago
Jul 2 2014 | 12:55pm ET
Hedge funds posted another month of pedestrian returns to close out the first half, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index returned just 0.62% in June to pad its 2.22% return for the first half. By contrast, the Standard & Poor’s 500 Index rose about 2% in June alone, and is up over 6% on the year.
Long/short equity was the best-performing LAB subindex with a 0.91% rise (3.75% year-to-date). Event-driven returned 0.62% (3.11% YTD) and global strategies 0.54% (1.42% YTD). Managed futures were flat (down 4.4% YTD), and merger arbitrage inched down 0.05% (down 2.53% 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…