LibreMax, Visium Add To Double-Digit Returns

Oct 25 2012 | 12:00pm ET

A pair of top hedge funds continued their strong 2012 with gains in September.

LibreMax Capital and Visium Asset Management both gained 2.5% last month. The increases leave the latter's Global Fund up 17% on the year and the former up 16%, Bloomberg News reports.

"September was our largest month of realized trading gains in 2012 as we capitalized on market strength to sell certain securities that had reached our price targets," LibreMax, the $2 billion hedge fund led by former Deutsche Bank trader Greg Lippmann, wrote to clients.

Another prominent fund had smaller gains to report: Eton Park Capital Management said it was up 6.8% on the year after a 3.7% rise in the third quarter. The $11 billion firm credited its bets on U.S. structured credit and fundamental long/short positions.

The news from the big boys was not all good, however. Saba Capital Management, led by another Deutsche Bank veteran, Boaz Weinstein, fell 0.42% in September, its third losing month in a row. The September decline followed losses of 1.75% in July and 1.1% in August, and marks the three-and-a-half-year-old hedge fund's first-ever three month losing steak.

Saba is down 0.9% this year.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...