Thursday, 24 July 2014
Last updated 11 min ago
Apr 5 2012 | 1:03pm ET
Third Point and Greenlight Capital were among the hedge fund industry's winners in the first quarter.
New York-based Third Point's Ultra Fund rose 10% on the quarter after rising 2.3% in March. The firm's Partners Fund added 7.1%.
Greenlight did slightly less well, adding just 6.9%, Reuters reports.
While both Third Point and Greenlight easily topped their peers, according to industry indices, both trailed the broader markets, with the Standard & Poor's 500 Index gaining 12% in the first quarter.
Not every hedge fund compares unfavorably to the S&P500: T2 Partners rose 23.6% in the first three months.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…