Sunday, 24 May 2015
Last updated 1 day 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.
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…