Wednesday, 28 January 2015
Last updated 7 hours ago
Jun 14 2010 | 12:22pm ET
Most hedge funds took a dive in May, but not all.
GLG Partners saw its macro hedge fund continue a strong run of performance in 2010 with an 8% jump last month, while the average hedge fund shed between 2% and 3%, according to several hedge fund indices.
May’s performance leaves the year-old fund, which manages just US$160 million, up 25% this year, the Financial Times reports. The fund, managed by former Goldman Sachs proprietary trader Driss Ben-Brahim and former PIMCO manager Jamil Baz, returned about 6% last year.
GLG launched the macro fund last year as part of its expansion, as the firm struggled to bounce back from several years of poor performance, most notably at its flagship special-situations fund.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…