Wednesday, 1 April 2015
Last updated 13 min ago
Feb 12 2009 | 2:02pm ET
While the hedge fund industry seems to have turned things around in the last two months, investors are still heading for the exits in large numbers.
According to early estimates from HedgeFund.net, hedge funds suffered outflows for the fifth consecutive month in January. Hedge fund assets fell 5.8% last month to $1.749 trillion, due almost entirely to redemptions and fund liquidations totaling $124.7 billion.
HFN’s benchmark indices, like most others released so far, show the average hedge fund posting a positive January, at 0.2%. But the data provider warns that the figures are preliminary, and says it expects the final performance numbers to be in the red as more funds it tracks report their January numbers.
For now, nine of HFN’s benchmarks are in the black against six in the red. The best performers last month were convertible arbitrage funds (up 5.98%), short-bias funds (up 2.76%), options strategies funds (up 2.46%) and statistical arbitrage funds (up 2.42%). The worst were long-only funds (down 4.17%), special situations funds (down 3.05%) and emerging markets funds (down 2.61%).
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…