Sunday, 24 May 2015
Last updated 2 days ago
Feb 20 2008 | 7:43am ET
Investable quantitative and emerging markets funds plummeted last month, according to Hedge Fund Research.
The firm’s HFRI Emerging Markets Index fell 6% in January, while its Quantitative Directional Index lost 5.89%. Overall, investable hedge funds fell 2.26% during the month.
Equity hedge funds, which include the quantitative funds, dropped 4.22%, with event-driven declining 2.29% and relative value 0.27%. Macro funds rose 1.51%.
The strongest performers were short-bias funds, which jumped 5.73%. Systematic diversified macro funds also gained, rising 2.66%.
Losses were widespread among emerging markets funds, last year’s top performer. Asia (ex-Japan) and Russia and Eastern Europe funds were particularly hard-hit, falling 7.73% and 7.86%, respectively. South America funds dropped 2.38%.
Investable funds of funds declined by 2.93% in January.
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…