Tuesday, 27 January 2015
Last updated 3 hours ago
May 8 2013 | 8:53am ET
Top hedge funds posted mixed returns in April, with SAC Capital Advisors rising and Greenlight Capital and Renaissance Technologies falling.
SAC's International fund rose 1% last month and is up 5.6% on the year. Jana Partners' flagship fund rose 0.8% in April (7% year-to-date), while its Nirvana Fund hit double-digits for the year with a 1.2% jump on the month (10% YTD). Pine River Capital Management returned 0.6% last month (7% YTD).
Hutchin Hill Capital, however, topped all of them, rising 4.7% last month. The $1.1 billion New York-based hedge fund is up 8.8% on the year.
On the other side of the ledger, RenTech's Institutional Diversified Alpha Fund lost 2.4% in April, cutting its 2013 return to 6.6%, and Greenlight fell 0.6% on the month (up 5.5% YTD).
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…