Friday, 24 October 2014
Last updated 6 hours ago
Jun 26 2013 | 12:34pm ET
A host of high-profile hedge funds have taken a beating this month.
BlueCrest Capital Management's US$14 billion BlueTrend Fund is down 8.3% through the first three weeks of June, extending its year-to-date losses to 9.2%. BlueTrend has never suffered a losing year.
Also hurting this month is one of last year's best-performing hedge funds, Metacapital Management, which was down 5.66% on the year through June 14—before the recent Federal Reserve-statement fueled selloff.
The Man Group's AHL Diversified strategy has shed 3.5% this month, leaving the US$16.3 billion flagship down 2.8% on the year, Bloomberg News reports. Winton Capital Management's Futures Fund, which manages US$10 billion, is down 3.3% on the month, and Brevan Howard Asset Management's listed BH Macro Fund suffered big losses earlier in June, although it dropped just 0.1% last week. The fund is up 3.2% in 2013.
Other funds suffering losses this month include Bridgewater Associates and Cantab Capital Management
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.