Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Monday, 5 December 2016
Last updated 2 days ago
Nov 7 2011 | 1:32pm ET
The Children's Investment Fund Management went a long way towards reaching its high-water mark in the first half, but has even longer to go to get to that break-even point.
The London-based activist returned 16.53% in the first half, Morningstar data shows. It's unclear how TCI did during the market doldrums of the third quarter, which cost many hedge funds dearly, but its first-half performance was better than three-times higher than the average stock fund.
Now, the bad news: TCI is still at least 22.27% below its high-water mark.