Tuesday, 13 October 2015
Last updated 11 hours ago
Feb 10 2014 | 11:32am ET
Prominent hedge funds handled last month's market volatility with varying degrees of success.
The Standard & Poor's 500 Index lost 3.5% in January while the average hedge fund fell by less than 1%, according to industry indices. But Carlson Capital managed to post gains in both its Black Diamond Relative Value Partners and Double Black Diamond funds, according to Bloomberg News.
The former gained 2.1% and the latter 1.5%.
Other well-known hedge funds did less well. Moore Capital Management's Macro fund lost 0.1%, while the firm's Global Investments fund shed 1.1%. Brevan Howard Asset Management's emerging-markets fund shed 1.6% on the month.
Things were even worse for Tudor Investment Corp.: That $13.7 billion firm's flagship BVI Global fund shed 2.1% in January.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…