Tuesday, 22 July 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…