Thursday, 5 March 2015
Last updated 45 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.
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…