Monday, 30 November 2015
Last updated 2 days 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…