Saturday, 23 May 2015
Last updated 1 day ago
Jun 3 2011 | 2:07pm ET
Most hedge funds took a hit in May, but the bigger they are, it seems, the harder they fell.
Some of the industry's biggest names suffered the biggest losses last month, according to Lipper, and none more so than Mulvaney Capital Management's Global Markets fund, which fell 11.8% from May 2 through May 30, Reuters reports.
Well, almost none: Superfund's "C" share class lost 16.7% in May—but that's because its two-times levered. The standard "A" class fell 8.7%.
Other firms burned by the month's volatility, especially in the commodities market, were Aspect Capital, whose diversified fund fell 5.3%, and Man Group's flagship AHL strategy, previously reported to have lost 4.6% during the period.
SVM Asset Management's Highlander Fund lost 4.4%, Hermitage Capital Management's flagship Global Fund 2.6% and Odey Asset Management's European strategy 2.45%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…