Friday, 19 December 2014
Last updated 11 min ago
Apr 12 2011 | 4:50am ET
Greenlight Capital’s first-quarter woes stem from a short book soaked in red.
The New York-based activist hedge fund is down 2.9% this year. Its long bets are up an impressive 6.7%, thanks to investments in physical gold and oil giant BP. Its short bets are another matter, entirely.
Greenlight’s short investments lost 9.2% during the first three months of the year, Reuters reports. While Greenlight, headed by David Einhorn, will not disclose its first-quarter holdings until next month, much of the hedge fund’s trouble could be from The St. Joe Co.
Einhorn blasted the Florida real-estate firm last year, showing the Value Investing Congress pictures of vacant St. Joe buildings amidst fields of weeds. But St. Joe has had the latest, if not the last, laugh, with its shares soaring 14.7% in the first quarter.
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.