SAC, Passport, RenTech Rise In March

Apr 8 2013 | 11:25am ET

Several prominent hedge funds enjoyed gains last month—and last quarter—while also lagging the broader markets.

SAC Capital Advisors, Jana Partners, Renaissance Technologies and Passport Capital all rose in March. But only Passport's Long Short Fund came close to matching the Standard & Poor's 500 Index, rising 3% to the S&P's 3.1%. Even that fund falls short year-to-date, up only 6.8% while the S&P rose more than 10% in the first quarter.

Passport's Global Fund rose 2.3% in March, according to Bloomberg News, and is up 5.9% on the year. Jana Partners' Nirvana Fund also rose 2.3% last month and is up 8.9% on the year, while the firm's eponymous flagship added 1.5% on the month and 6.1% on the quarter.

RenTech's Institutional Diversified Alpha Fund added 1.4% through March 15 and is up 6.6% on the year through that date. SAC's International Fund rose 1% through March 31, and 4.5% in the quarter.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.