Friday, 26 December 2014
Last updated 2 days ago
May 21 2010 | 12:44pm ET
Greenlight Capital appears to have added a gold share class to its flagship hedge fund.
The New York-based firm raised $131.1 million in a private offering of limited partnerships in the new share class, MarketWatch reports. Most of that money went into the onshore Greenlight Capital (Gold), which attracted 29 investors, while Greenlight Capital Offshore (Gold) took in $2.6 million from four investors, according to regulatory filings.
MarketWatch, citing three hedge fund investors, say the offerings are probably not for a new fund, but for a gold-denominated share class of Greenlight’s existing fund.
Gold share classes have been doing better than those denominated in currencies, according to Paulson & Co.’s John Paulson, which also offers a gold share class, as well as a gold hedge fund.
“It does have a significant impact on performance,” he said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.