Saturday, 20 December 2014
Last updated 1 day ago
Jun 7 2011 | 2:52pm ET
May was anything but merry for a trio of the hedge fund industry's most prominent firms.
A pair of Tudor Investment Corp. funds took a big hit last month, wiping out their year-to-date gains. The Tensor Fund shed 6.75% in May, leaving it down 5.17% on the year, according to Dealbreaker.com. The Momentum Fund dropped 4.95% and is down 1.69% on the year.
Things were a little better—but only a little—across the Long Island Sound from Tudor's Connecticut headquarters. Renaissance Technologies' Institutional Futures Fund lost 3.44% in May, dragging it into the red at 0.55% on the year.
Things were more mixed at Fortress Investment Group. The firm's liquid hedge funds lost between 1.15% and 2.46% last month, it said in a regulatory statement. But its Asia funds remain up about 2% on the year and its commodity fund 1.24%, although its flagship macro strategy is down 1.8% on the year.
Fortress did not provide May numbers for its illiquid hedge funds, although it did say that they rose between 0.82% and 1.44% in April and were up between 4.07% and 7.33% year to date.
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.