Sunday, 24 May 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…