Sunday, 21 December 2014
Last updated 7 hours ago
Aug 8 2011 | 12:58pm ET
Two top, if downtrodden, hedge funds bucked their peers in July to get back into the black.
While the average hedge fund muddled through a middling (at best) month, Renaissance Technologies and Tudor Investment Corp. turned things around to start the second half. The former's Institutional Futures Fund rose 4.44% last month to bring its year-to-date returns back above break-even at 1.85%, Dealbreaker.com reports. The latter's Momentum Fund did nearly as well, rising 4.11% to bring its 2011 return to 0.71%.
Both funds took it on the chin during a brutal May and June for the hedge fund industry. RenTech's largest fund lost 4.95% in May and 1.94% in June, while Tudor Momentum dropped 6.75% and 1.6%.
Tudor's Tensor Fund also posted gains last month, rising 1.48%. But it remains down 6.08% 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.