Saturday, 28 March 2015
Last updated 1 day ago
May 8 2009 | 8:54am ET
By Ankur Samtaney, Eurekahedge Analyst – April was another strong month for hedge funds, with the Eurekahedge North American Hedge Fund Index up a solid 4.4%. Gains were mostly seen coming from equity allocations, as the markets continued their steep upturn amid declining investor risk aversion.
The S&P 500 rose 9.4% during the month, partly owing to better-than-expected quarterly earnings results. As a result, long/short managers turned in returns averaging an impressive 4.8%; bets in favor of equities were largely profitable, while some equity market neutral funds and others with significant short exposure turned in subdued gains or losses.
CTAs, on the other hand, had another flat to negative month owing to varied returns across managers. Diversified futures- and stock futures-investing funds fared well on the whole, while some trading purely in the currency and commodity suffered losses.
The currency markets were characterized by slight weakness in the Euro and Swiss franc against the US dollar, while the Yen was appreciated marginally.
In the commodity markets, while movement was generally mixed, precious metals were down in April, on the back of a notable decline in risk aversion.
Download: The Eurekahedge North American Hedge Fund League Tables (PDF)
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…