Sunday, 24 May 2015
Last updated 2 days ago
Sep 3 2009 | 12:47pm ET
Hedge funds continued their winning ways in August, according to a pair of hedge fund replication indices.
Long/short equity hedge funds rose 1.55%, according to the Credit Suisse Alternative Index Replication indices. The AIR Long/Short Equity index is up 7.73% through the first eight months of the year.
Global macro funds were also up, but, for the second straight month, only marginally. The strategy added 0.08% in August and is up 2.11% year-to-date.
“Following a strong rally in July, equity markets continued their upward trend in August, reaching highs not achieved since October 2008,” Jordan Drachman, head of research for alternative beta strategies at Credit Suisse. “Long/Short Equity hedge fund managers continued to increase their overall net exposures in order to benefit from market gains.”
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…