Wednesday, 3 June 2015
Last updated 1 hour 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…