Wednesday, 20 August 2014
Last updated 20 min ago
Dec 13 2013 | 5:29pm ET
Appaloosa Management, which is enjoying one of its best-ever years in the market, is set to return some money to investors, the latest prominent hedge fund to do so.
Appaloosa, whose assets under management have soared above $20 billion, will return between $1.5 billion and $2 billion, Institutional Investor reports. The Short Hills, N.J.-based firm regularly makes such distributions to investors; this year will be the third year in a row it has done so.
Baupost Group and Third Point are also making distributions this year.
Appaloosa's flagship Palomino Fund is one of the rare hedge funds this year to be beating the broader markets—and it is doing so handily. The fund is up 37.86% this year after rising 4.86% in November, Forbes magazine reports, while the Standard & Poor's 500 Index is up 29.1%. The average hedge fund is up in the mid-to-high single digits in 2013.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note