Carlson Rises In January; Brevan, Tudor Fall

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of