Wednesday, 6 May 2015
Last updated 17 hours ago
May 1 2008 | 12:41pm ET
The cruelest month has given hedge funds a little spring in their steps.
Hedge funds recouped some of their first-quarter loss last month, according to preliminary figures from Hedge Fund Research. The average fund returned 1.5% through April 28, after posting a 3% decline in the year’s first three months.
Still, hedge fund returns trailed the broader markets in April, when the Standard & Poor’s 500 added 4.8%. The S&P remains down 5.2% year-to-date.
Long/short equity funds were among the top performers last month, adding 2.8% to erase March’s decline.
Macro funds were among the worst performers, rising just 0.15%, though they remain the best of the eight HFR strategies year-to-date at 9.5%.
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…