Wednesday, 1 April 2015
Last updated 3 hours ago
Jan 29 2013 | 12:07pm ET
BTG Pactual's Distressed Mortgage Hedge Fund was among the best-performing hedge funds of 2012, and may well have topped all of its peers, according to HSBC Private Bank.
The $245.5 million hedge fund topped HSBC's list of the 20 best-performing hedge funds with a 46% return. By contrast, the average hedge fund saw returns in the mid-single digits for the year.
Tilden Park Capital Management's $955 million Offshore Investment Fund was second with a 41% return, Brookfield Asset Management's $473 million Real Estate Securities Fund was third with a 40% return, CQS' Directional Fund came fourth with a 36% return, and Pine River Capital Management's $3.5 billion fixed-income fund fifth with a roughly 35% return.
Pine River and BTG Pactual both had two funds in the top 20, which also featured entries from Third Point, Appaloosa Management and Marcato Capital Management. And Chenavari Investment Managers' US$360 million Toro Capital Fund made the list for the third year in a row—the only fund to do so.
HSBC also publishes a 20 worst-performing hedge funds list, and Conquest Capital Group's Macro Fund won that dubious prize with a 33% loss. RAB Capital's flagship Special Situations Fund shed 28%, and Paulson & Co.'s Advantage Plus Fund lost 21.5%. Another Paulson fund also made the bottom 20, as its flagship Advantage Fund shed 14% last year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…