Saturday, 25 April 2015
Last updated 19 hours ago
Jan 15 2008 | 8:30am ET
Hedge funds returned 11.15% last year, Greenwich Alternative Investments said. The Greenwich Global Hedge Fund Index added 0.61% in December.
“Hedge funds have demonstrated their resilience to downward moves in the equity markets,” Ben Rossman, senior vice president, said. “Hedge funds outperformed the S&P500 by more than 5.5% in 2007 through a combination of capturing market upside and protecting against downside. This is hedge funds’ highest level of outperformance since 2002, when the S&P500 was down more than 22% and hedge funds ended the year near flat, dropping less than 1%.”
The Standard & Poor’s 500 Index rose 5.49% last year.
Investable hedge funds did not fare nearly so well. The Greenwich Composite Investable Index added 3.61% in 2007, after a 0.27% December return.
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…