Tuesday, 23 September 2014
Last updated 2 hours ago
Jan 4 2011 | 2:22pm ET
RAB Capital has been hard-pressed for good news in recent years. But the troubled London-based hedge fund manager may well be able to boast the top-performing hedge fund of 2010, according to an early report.
RAB's Energy fund was up 42.9% with just nine days to go in the calendar year, according to HSBC's Alternative Investment Group. The fund is managed by Mark Redway and Gavin Wilson.
Redway and Wilson had a substantial lead over the second-best hedge fund in the HSBC report, the Tulip Trend managed futures fund helmed by Harold de Boer, which was up 38.8% through Dec. 24.
Henderson Global Investors' European ABS Return Fund was up 34.8% through the middle of December. Moore Capital Management's Emerging Equity Fund, managed by former GLG Partners star manager Greg Coffey, was up 31.7% through Dec. 16. Third Point's Offshore fund was up 31.5% through Dec. 21.
Other notable hedge funds among HSBC's top performers were CQS' Directional Opportunities Fund, up 27.44% through Nov. 12, BlackRock's Obsidian Fund, up 25.7% through Oct. 31, Henderson's U.K. Equity fund, up 25.01% through Nov. 25, HSBC's European Alpha Fund, up 22.53% through Nov. 26 and Appaloosa Management's Palomino Fund, up 20.64% through Oct. 31.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.