Tuesday, 21 April 2015
Last updated 7 min ago
Sep 10 2009 | 10:51am ET
Most hedge fund strategies posted gains in August, although did less well than might be expected, according to Dow Jones Hedge Fund Indexes.
Event-driven funds led the way, according to the Dow Jones Hedge Fund Strategy Benchmarks, rising 1.7% (up 9.51% year-to-date), followed by merger arbitrage (0.96% in August, 5.72% YTD) and equity long/short (0.86%, 3.2% YTD). Only equity market-neutral funds lost ground, dropping 0.59% (down 3.69% YTD).
“Considering the high volatility the market has faced in the past eight months, hedge fund showed only small positive returns for the month,” Dow Jones said.
Both Dow Jones’ convertible arbitrage and distressed securities benchmarks remained suspended.
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…