Thursday, 2 October 2014
Last updated 13 hours ago
Aug 6 2012 | 11:37am ET
Greenlight Capital soared in July, its gains fueled by its continuing bet against Green Mountain Coffee Roasters.
The hedge fund rose 2.7% last month, bringing its year-to-date gain to 6.4%. Much of the return can be attributed to Greenlight's shorts on Green Mountain, whose shares fell 16.6% on the month. Greenlight's bet against the company helped blunt its losses in the second quarter, when it lost 3.2% but Green Mountain fell 13.2%.
Greenlight's new investments in health management companies Cigna Corp. and Coventry Health Care haven't worked out just yet. The former lost 8.45% in July while the latter gained 4.84%. Of course, Greenlight's wisdom in buying the stocks last quarter won't be borne out until November at the earliest—Greenlight said it bought them in part in anticipation that the presidential election will result in "a possible modification or repeal" of President Barack Obama's healthcare policy.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...