Thursday, 29 January 2015
Last updated 2 hours ago
Jan 11 2012 | 4:29pm ET
It was a tough year for Tudor Investment Corp., while two other prominent hedge funds managed to salvage a difficult year for the industry.
Tudor's Tensor Fund lost 10.27% last year, according to Dealbreaker. The fund fell 0.08% in December. News wasn't all bad for Tudor, as its Momentum Fund managed to beat industry indices, which lost about 4% last year, with a loss of just 2.74% on the year after surging 2.1% last month.
Renaissance Technologies' Institutional Equities Fund was among the best-performing hedge funds of 2011. Its Institutional Futures Fund can't make that claim, but the vehicle did post a positive return, rising 1.77% after giving back 1.56% in December.
Also suffering a disappointing year, relatively, was SAC Capital Advisors veteran Ping Jiang. Ping Capital's Exceptional Value Fund, which posted triple-digit returns in both 2009 and 2010, managed to end 2011 in the black, soaring 7.21% in December to finish the year up 1.79%.
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…