Saturday, 25 April 2015
Last updated 20 hours ago
Jan 6 2009 | 1:20pm ET
The Credit Suisse Long/Short Equity Replication Index gained 2.98% in December while its Inverse Long/Short Equity Replication Index dropped 3.56% for the month. For the year, the Long/Short Equity Replication Index lost 16.59% while the Inverse Index gained 16.7%.
Jordan Drachman, head of research for alternative beta strategies at Credit Suisse, said that although the market environment for hedge funds continued to be challenging last month, the long/short equity hedge fund sector rallied on the back of an upturn in the equity markets in late December.
“Government intervention, through the historic move by the U.S. Federal Reserve to lower the Fed Funds rate to between zero and 25 bps, led to many positive market signals,” he said.
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…