Thursday, 18 September 2014
Last updated 6 hours ago
Sep 24 2010 | 11:51am ET
In its second full year, one brotherly hedge fund has really hit its stride. The European long/short fund run by Caxton Associates and SAC Capital Advisors veterans Abe and Jack Eisenstat has soared 24.75% this year.
The firm, called Dabroes Management—what else?—has enjoyed one of the strongest years of any hedge fund after rising 5% last month. The average hedge fund is up about 2% this year, according to most hedge fund indices.
The results are a striking turnaround for Dabroes, which lost about 2% last year, when the average hedge fund returned approximately 20%. The $750 million firm survived its early troubles thanks to its year-long lockup and the way the firm set up the business during the financial crisis, MarketWatch reports.
The broes in question managed a similar hedge fund at Caxton for five years before leaving the firm to found Dabroes. They also ran a European long/short fund at SAC from December 2000 to March 2003.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.