Thursday, 2 April 2015
Last updated 11 hours ago
Jul 9 2014 | 10:45am ET
Hedge funds gained 1.14% in June 2014, led by event-driven activist funds which added 3.51% on the month and are up 6.70% for the first half, reports eVestment.
All but one strategy tracked by the data provider ended the month of June in positive territory. The only red ink was generated by market neutral equity funds, down 0.05% on the month (but up 1.64% in H1).
Event-driven funds added 1.78% in June (5.89% YTD); multi-strategy funds added 1.44% (3.05% YTD); long/short equity added 1.24% (3.05% YTD); distressed funds added 1.07% (5.83% YTD); managed futures 0.95% (1.35% YTD); directional credit 0.65% (4.48% YTD); convertible arbitrage 0.59% (4.12% YTD); macro 0.58% (0.93% YTD); and relative-value credit 0.44% (4.14% YTD).
In regional terms, Russia-focused funds were up 7.71% in June (but down 0.43% YTD); Emerging Europe funds up 5.90% in June (down 0.43% YTD); India funds 4.16% (28.61% YTD); Japan 3.05% (down 1.45% YTD); Brazil 2.81% (2.67% YTD); China 1.46% (down 3.87% YTD); and Africa/Middle East down 2.23% in June (up 4.82% YTD).
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…