Wednesday, 23 July 2014
Last updated 1 hour ago
Dec 5 2013 | 1:23pm ET
A pair of San Francisco-based hedge funds returned 2.4% last month, solidifying their double-digit returns as 2013 draws to a close.
Marcato Capital Management is now up 23.6% on the year after last month's gains, while Passport Capital is up 18.3%, Reuters reports. Marcato has $2.5 billion in assets under management and Passport $3.1 billion.
Both funds are easily lapping the field this year, with the average hedge fund up about 6%, according to industry indices.
Passport has investments in Asian internet companies to thank for its strong 2013, as well as short bets against gold, copper and mining stocks.
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…