Sunday, 19 April 2015
Last updated 20 hours ago
Oct 15 2008 | 2:00am ET
In case you hadn’t heard, September was not a good month for hedge funds.
The latest industry index to play the role of bearer of really bad news is the RBC Hedge 250 Index, which fell 7.67% last month. The index is down 13.17% year-to-date.
All strategies tracked by RBC Capital Markets, with the exception of managed futures funds, posted losses in September.
Convertible arbitrage and multi-strategy funds fared particularly badly, dropping 21% (down 24.49% YTD) and 14.54% (down 22.44% YTD), respectively. Event-driven credit funds and mergers and special situations funds were little better, losing 7.71% (down 17.41% YTD) and 7.49% (down 15.82% YTD), respectively, while fixed-income arbitrage funds lost 7.3% (down 7.19% YTD).
The sole bright spot, managed futures funds, added 1.03% last month. The strategy is also the only one tracked by RBC in the black on the year, with a year-to-date return of 8.28%.
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…