Sunday, 28 December 2014
Last updated 5 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.