Thursday, 21 August 2014
Last updated 3 hours ago
Aug 27 2012 | 1:40pm ET
A quartet of prominent hedge funds are bucking most of their peers with impressive, double-digit returns in the first seven months of the year.
Eminence Capital, Lone Pine Capital, Maverick Capital Management and Passport Capital are all in double-figures through July, Bloomberg News reports. Maverick and Lone Pine have led the way, with the former's flagship and the latter's Lone Cypress funds up 20%, through July and Aug. 10, respectively. New York-based Maverick saw both its long and short books profit, and also did well outside of the U.S.
Eminence is up 16% through Aug. 3. San Francisco-based Passport's main fund rose 13% through the end of July.
Viking Global Investors' Equities Fund just missed joining that club, having returned 9% through July. Other top names are a good bit further behind: Lansdowne Partners' Developed Markets Strategy Fund is up 6.3% through Aug. 10, while SAC Capital Advisors is up 6% through the first seven months of the year.
The Standard & Poor's 500 Index rose 11% through July.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note