Thursday, 31 July 2014
Last updated 2 hours ago
Oct 6 2010 | 3:47am ET
Add Passport Capital to the list of hedge funds that outperformed their peers but badly lagged the broader markets in September.
The San Francisco-based firm, which made a name for itself by posting triple-digit returns three years ago, saw its flagship add 4.9% last month, Dow Jones Newswires reports. The average hedge fund was up about 3.5%, while the Standard & Poor's 500 Index soared 8.9% for its best September in 71 years.
Passport's flagship, which manages $1.7 billion, is up 7.8% on the year.
Passport manages $3.4 billion in total.
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…