Sunday, 21 December 2014
Last updated 1 hour ago
Oct 11 2011 | 12:17pm ET
Hedge fund RK Investment Advisors soared more than 140% in the third quarter—by many measures among the worst-ever three-month periods for the hedge fund industry.
Kinnelon, N.J.-based RK's Speculators Portfolio bet against U.S. stocks in anticipation of the end of the Federal Reserve's second round of quantitative easing. The Standard & Poor's 500 Index plummeted over the past three months, which began with the end of QEII.
"'Don't fight the Fed' is the theme of the last two years," RK chief investment officer Randy Kurtz said. "Even in the face of bad news, when the Fed floods the market with money, stocks rise, and when the Fed stops, the market falls."
The Speculative Portfolio jumped 141.94% in what Kurtz called the "quarter of carnage."
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.