Monday, 4 May 2015
Last updated 12 sec ago
Nov 11 2008 | 12:37pm ET
While hedge funds continue to suffer through October, managed futures funds are rolling. The latest figures from global brokerage firm Newedge shows that the AlternativeEdge Short-Term Traders Index finished the month of October up 2.37% (up 11.87% year-to-date) and the Newedge CTA Index gaining another 4.97% in October (up 8.97% YTD).
“The managers in the STTI have continued to perform well given the poor performance across most asset classes,” said Brian Walls, who heads Alternative Investments Group at Newedge. “During the three worst days for the S&P 500, the STTI returned 1.61% while the S&P 500 was down 22.75%.”
The AlternativeEdge Short-Term Traders Index tracks the daily performance of a portfolio of short-term, diversified commodity trading advisors who have less than a 10-day average holding period.
The Newedge CTA Index, which is equally weighted, calculates the daily rate of return for a pool of the largest CTAs that are open to new investment.
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…