Thursday, 18 December 2014
Last updated 14 hours ago
Jan 14 2013 | 2:03am ET
Late last year, Salida Capital was forced to deny that it was on the brink of collapse. After a second straight awful year, the Toronto-based firm may again hear those whispers.
The firm's Strategic Growth Fund lost more than half of its money for the second year in a row. Last year, the fund lost 53.02%, slightly better than the 53.39% loss suffered in 2011, the National Post reports.
By contrast, Salida's Wealth Preservation Fund's performance doesn't look at all bad, although it is hardly preserving clients' wealth. The fund lost 12.23% last year after dropping 14.41% in 2011, and now has the unenviable distinction of having lost money since its inception. Despite Strategic Growth's calamitous two years, it still boasts an annualized return of 2.74% since inception.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.