Wednesday, 17 December 2014
Last updated 13 hours 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.
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.