Saturday, 27 December 2014
Last updated 3 days ago
Feb 13 2014 | 11:51am ET
January's market tumble didn't translate into big profits for many short-selling hedge funds.
Short-biased firms were battered last year, as the Standard & Poor's 500 Index soared 32%. The same benchmark underwent something of a correction last month, dropping 3.6%—but short-sellers failed to capitalize, rising just 0.88% in January, according to eVestment.
Kynikos Associates, perhaps the most prominent short-selling hedge fund, did post a respectable gain, with its short-only Ursus fund rising 3.85%, CNBC reports. That fund shed 35.9% last year.
Several small short-sellers also made something of last month's opportunities. Gracian Capital rose more than 3% in January—but was just barely net short—and SC Management rose 2.1%. Those funds fell about 25% and 29%, respectively, last year.
Gotham Capital's Short Strategies Fund was among the month's losers, dropping 2%. Kingsford Capital Management shed 1.2%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.