Tuesday, 21 October 2014
Last updated 3 hours ago
Jan 8 2013 | 12:50pm ET
Add New York-based Fortress Investment Group to the list of hedge funds that bucked the industry trend in 2012 and beat the S&P 500.
The average hedge fund ended the year up only 5.63%, according to the Eurekahedge Hedge Fund Index, while the Standard & Poor's 500 Index rose 16% on the year.
But Securities and Exchange Commission filings show three Fortress hedge funds posted double-digit returns last year.
The $2.3 billion Fortress Macro Fund was up 17.8%, after adding an estimated 3.07% in December alone.
The Fortress Asia Macro Fund did even better, adding 3.65% in December to end the year up 21.22%. The fund manages about $500 million.
And the $4.9 billion Drawbridge Special Opportunities Fund gained 1.20% in December for a full-year gain of 16.47%
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...