Wednesday, 6 May 2015
Last updated 6 hours ago
Jan 4 2007 | 11:24am ET
If your hedge fund manager offered you a 10% return for 2007 right now, would you take it? If Citigroup Alternative Investments is right, it might not be such a bad bet.
In a note, the group predicts that hedge funds will average 10% returns after fees, Reuters reports, better than most indices did last year, but trailing the Standard & Poor’s 500’s 13.6% return.
“The significant capital in the hand of private equity funds should be supportive for event-driven and merger-focused managers,” fund of hedge funds chief investment officer Ray Nolte wrote. Citigroup recommends long/short, global macro, managed futures and relative-value arbitrage strategies, as well.
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…