SAC, Jana Up; Greenlight, RenTech Down

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).


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...