Sunday, 28 December 2014
Last updated 1 hour ago
May 5 2011 | 12:13pm ET
Citadel Investment Group is almost halfway to being able to reap performance fees on its flagship hedge funds.
The hedge fund giant's Kensington and Wellington funds rose 0.44% in April. The two funds are up 8.4% through the first four months of the year, MarketWatch reports.
Kensington and Wellington began the year needing to return about 20% to return to their high-water marks and recoup all of 2008's losses. The funds rose 11% last year and 62% in 2009.
Citadel's gains are well ahead of industry indices, which are up less than 3% on the year. But they trail slightly the broader markets, with the Standard & Poor's 500 Index rising 9.06% on the year.
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.