Monday, 1 September 2014
Last updated 3 days ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...