Saturday, 31 January 2015
Last updated 18 hours ago
Dec 7 2011 | 1:58am ET
November was a markedly mixed month for several high-profile hedge fund managers.
First, the good: Ping Capital Management's exceptional value fund jumped 5.8% in a month that saw most hedge fund managers suffering losses of less than 1%, according to industry indices. The New York-based firm, founded by former SAC Capital Advisors trader Ping Jiang, has posted triple-digit returns in each of the past two years, but would likely settle for break-even in 2011. Its Exceptional Value Fund is down 5.02% through November, Dealbreaker reports.
Renaissance Technologies' Institutional Futures Fund didn't have as good a November as Ping, but it didn't need to: The fund is up 3.38% on the year after adding 0.46% last month.
Finally, the bad and the (really) ugly: Tudor Investment Corp. The hedge fund giant's Tensor Fund is down 10.17% with just one month left in 2011, having compounded its losses with a 1.27% decline last month.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…