Thursday, 2 October 2014
Last updated 1 hour ago
Nov 28 2012 | 1:08am ET
Two prominent hedge funds saw their losses extended last month, with time short to make up the damage this year.
Tudor Investment Corp. and Saba Capital Management both suffered losses in October, Bloomberg News reports. The former's Momentum Fund plunged 5.5% to bring its year-to-date loss to 8.3%, while its Tensor Fund fell into the black on the year with a 4.2% October decline. Tensor is down 3.3% on the year.
Saba is not quite as covered in red ink, losing only 0.5% last month. But the $5.6 billion hedge fund helmed by former Deutsche Bank trader Boaz Weinstein is down 1.3% on the year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...