Wednesday, 1 October 2014
Last updated 11 hours ago
Mar 7 2011 | 10:54am ET
The world's top hedge funds earned almost $30 billion for clients in the second half of last year, according to a new report.
Clients of the top 10 hedge funds split some $28 billion in profits between July and December, the Financial Times reports. The group was led by Paulson & Co., which earned $5.8 billion in profits in the second half.
Returns like that are helping Paulson creep up on all-time profits leader Soros Fund Management, in spite of the fact that Soros, which was founded in 1973, had a 21-year head-start on Paulson, which launched in 1994. Paulson investors have now enjoyed $32.2 billion in total profits over the past 17 years, compared to Soros' $35 billion during its 38 years in business.
Soros made $3 billion in profits in the second half of last year.
All told, the top 10 hedge funds have returned $182 billion to investors. In addition to Paulson and Soros, the list includes Appaloosa Management, Baupost Group, Brevan Howard Asset Management, Bridgewater Associates, Caxton Associates, ESL Advisors, Farallon Capital Management and Moore Capital Management.
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 McKitish of Peddie School's 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...