Tuesday, 16 September 2014
Last updated 1 hour ago
Dec 22 2009 | 11:51am ET
Some of last year’s hardest-hit hedge funds have bounced back in a big way this year, with returns large enough to make last year’s losses a distant memory.
Glenview Capital plummeted 49% last year, a decline far worse than that of the average hedge fund, which lost about 20%. But the $4.5 billion firm, which focuses on equities, has soared 80% this year. And it isn’t alone.
Canyon Capital Advisors, the $7.5 billion distressed debt specialist, lost 28% last year. This year, it’s returned 56%, The Wall Street Journal reports.
And while it’s been a rough couple of weeks for SAC Capital Advisor’s Steven Cohen personally, it’s been quite a good year. The Stamford, Conn.-based hedge fund giant, which lost 19% last year, is up 26% this year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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