Friday, 25 July 2014
Last updated 2 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…