Wednesday, 23 July 2014
Last updated 18 min ago
Oct 28 2013 | 12:00pm ET
Reuven Capital Investments must have been sad to see the third quarter go.
The New York-based hedge fund returned 29.92% in July, August and September, including a 17.2% surge in the latter, ValueWalk reports. The firm's flagship fund is now up 38.98% on the year.
In its letter to investors, Reuven noted that one of its largest long positions, in organic food company SunOpta, received a large amount of coverage in September. "With four new analyst reports and one top fund manager at Gabelli mutual funds highlighting the company on CNBC as a top pick in the last month, we're please someone is finally listening to our simple instructions," the firm wrote.
Reuven also touted its long position in Advanced Micro Devices, and a new short position in MercadoLibre, the "eBay of Latin America," which Reuven says is severely overvalued.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…