Tuesday, 31 March 2015
Last updated 35 min ago
Nov 8 2007 | 7:39am ET
A pair of hedge fund indices shows that the industry’s summer of suffering has definitively come to an end.
Hedge funds enjoyed their best monthly returns in almost two years in October, with the Eurekahedge Hedge Fund Index rising 3.6% and Hedge Fund Research reporting a 3.2% average return. Last month was the strongest for both since January 2006.
Emerging markets continued their hot run, rising 5.2% in October, according to HFR. Long/short managers returned 3.5% last month. Year-to-date, hedge funds are up 12.3%.
Eurekahedge said long/short and commodity fund managers benefited from rising equities, oil and gold markets.
Regionally, Asia ex-Japan funds enjoyed a strong month, according to Eurekahedge, rising 4.7%. North American hedge funds added 2.7%, European 2.1% and Japanese 0.6%.
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…