Saturday, 30 August 2014
Last updated 1 day ago
Sep 20 2013 | 12:18pm ET
A low-profile hedge fund manager is posting some high-impact returns this year.
Discovery Capital Management, headed by Tiger Management veteran Robert Citrone, is up 15% this year, The Wall Street Journal reports. That is in line with the South Norwalk, Conn.-based firm's annualized returns since its 1999 debut, which stand at about 17%.
The $12 billion macro specialist has profited from short bets against emerging markets such as China, Brazil and India. On the long side, Discovery has done well investing in Japan, the U.S. and the U.S. dollar. The firm is still long Japanese stocks.
The returns are even more impressive, given the roughly six-week stretch in May and June during which the firm's $8.5 billion flagship dropped 9%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...