Woodbine Taken To The Woodshed In June

Jul 20 2012 | 2:13am ET

Inundated by redemptions and down to just one co-founder, Woodbine Capital Advisors isn't getting any help from the markets.

The New York-based hedge fund saw its year-to-date gains wiped out last month. The fund, whose assets have plummeted from $1.2 billion to just $500 million this year, lost 2.2% in June, ValueWalk reports, leaving it down 1.5% on the year.

The losses came on European and currency investments, notably a short position on the euro.

Woodbine, which managed $3.2 billion just two years ago, lost 12% last year and shook up its staff. It followed up that loss with the loss of co-founders, Richard Corsden and Marcel Kasumovich, leaving only Joshua Berkowitz, a former Soros Fund Management trader.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of