Sunday, 3 May 2015
Last updated 2 days ago
May 20 2008 | 12:47pm ET
Hedge funds bounced back in April, rising 2.28%, according to new figures from BarclayHedge.
Sixteen of the firm’s 18 indices were in positive ground last month, led by strategies buoyed by April’s equity market rally. Technology funds returned 6.41% after losing 5.58% in the first quarter. Emerging markets funds also rallied after a tough first three months and returned 3.87% in April, with Pacific Rim equities funds adding 3.75%.
“Global equity markets enjoyed a broad-based rally in April, raising stock prices in both developed and emerging markets,” Sol Waksman, BarclayHedge president, said. “Stock markets in Brazil, China and India saw double-digit increases for the month.”
Other strong performances were turned in by fixed-income arbitrage funds, which rose 3% on average, and distressed securities funds, which added 1.99% after five straight losing months.
The BarclayHedge Fund of Funds Index returned 1.16% last month.
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…