Thursday, 31 July 2014
Last updated 11 min ago
Oct 5 2010 | 6:26pm ET
BlackRock CEO Laurence Fink's son, Joshua, made his father very, very proud with an exceptionally strong September for his hedge fund.
The younger Fink's Enso Capital Management rose 14.5% last month, lapping both the Standard & Poor's 500 Index, which added 8.9%, and most, if not all, of its fellow hedge funds. Enso, which manages about $200 million, is up about 25% this year, The Wall Street Journal reports.
Like many of last month's winners, Fink profited from his bullish bets. His conviction was spurred by the companies Enso spoke with, who proved less bearish than most about commodity consumption. Over the summer, Enso boosted its exposure.
Big positions in commodity stocks drove Enso's performance, according to the Journal.
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…