Monday, 24 November 2014
Last updated 2 days ago
Jul 1 2013 | 1:24am ET
Add Tudor Investment Corp. to the roster of last month’s hedge fund victims.
The firm’s Tensor Fund was down 4.35% through June 21, leaving it down 2% on the year, DealBreaker reports. The loss leaves the fund 15% below its high-water mark, according to a source, and down for the third year in a row—albeit with plenty of time to make up the losses.
According to DealBreaker’s source, there may be deeper issues at Tensor, however.
There was an exodus of people in January, just after bonuses (or the lack of them) were paid,” the source said.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...