Friday, 22 May 2015
Last updated 19 min ago
Oct 29 2008 | 12:32pm ET
The hedge fund industry is currently undergoing a cleansing ritual and industry observers are bracing for leaner times ahead. But one group of hedge funds is reportedly positioned for risk-adjusted outperformance and an eventual return to growth.
According to a new report by Standard & Poor's Ratings Services, rated hedge funds have been generally more prudent with their leverage, a factor its analysts believe has been instrumental in their survival.
“Ultimately, a hedge fund's endurance will depend on its ability to once again deliver the stellar, non-correlated returns they've been known to produce, along with increased transparency,” said S&P credit analyst Chris Cary.
“Those measures, in our view, could help to restore investor confidence and willingness to stay the course, especially if investors gain greater insight into strategies or more access to managers.”
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…