Monday, 20 October 2014
Last updated 7 hours ago
Jan 8 2014 | 12:31pm ET
Elliott Management scored sizeable gains in December to push its returns into double-digit territory for the year.
The New York-based firm's $8.3 billion Elliott Associates rose 12.4% in 2013 after adding 2.6% in December. Elliott International, which manages $15.6 billion, posted slightly more modest gains of 2.5% last month and 11.8% last year.
Elliott easily topped its peers in 2013; industry indices show the average hedge fund had mid-single-digit returns for the year. But like just about all hedge funds, it badly underperformed the soaring stock market; the Standard & Poor's 500 Index rose 30% last year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...