Monday, 30 March 2015
Last updated 50 min ago
Dec 10 2008 | 2:21am ET
Another day, another hedge fund index bleeding red ink: This time, it’s the Greenwich Global Hedge Fund Index, which fell for the fifth straight month in November, leaving it down an estimated 16.11% for the year.
Based on preliminary results from Greenwich Alternative Investments, hedge funds shed 1.13% last month. Long/short equity funds lost 2.55% (down 22.42% year-to-date), specialty strategies lost 2.03% (down 25.84% YTD) and market-neutral funds lost 1.27% (down 12.56% YTD), while directional trading funds manages a 2.34% gain (up 8.42% YTD).
“Although hedge funds declined during the month of November, they did a better job on average of protecting investor capital than in prior months,” Greenwich AI’s Margaret Gilbert said. “While we are seeing further dislocations in fund that trade in less liquid securities, the majority of hedge fund strategy groups seem to have stabilized.”
Investable hedge funds were down 2.05% in November.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…