Wednesday, 1 April 2015
Last updated 11 min 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%.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…