Monday, 30 March 2015
Last updated 9 hours ago
Oct 16 2009 | 2:30pm ET
A strong September gave hedge funds their best third quarter in a dozen years, according to the Credit Suisse Index Co.
The Credit Suisse/Tremont Hedge Fund Index returned 3.04% last month, bringing its third quarter return to 7.27% and its year-to-date return to 14.97%. Emerging markets funds led the way, rising 4.94% on the month and 24.67% on the year. That’s pretty good, but not the best: Convertible arbitrage funds are up an eye-popping 39.96% this year after jumping 3.23% in September.
All but one of Credit Suisse’s 13 strategy and sub-strategy indices had positive returns last month, and all but two are in the black through the first nine months of the year. In addition to emerging markets and convertible arbitrage, other strong performers were distressed funds (3.38%, 14.78% year-to-date), long/short equity funds (3.23%, 16.68% YTD) and managed futures funds (2.97%, down 4.2% YTD).
The only loser in September? Dedicated short-bias funds fell 5.27% and are down 22.26% on the year.
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…