Citadel, Tudor Rise

Aug 11 2014 | 6:19am ET

A few prominent hedge funds bucked their money-losing peers last month, posting gains in a tough July for the industry.

Citadel Investment Group and Tudor Investment Corp. both made gains last month. The former’s flagship Kensington and Wellington funds added 2.7%, Bloomberg News reports, while the latter’s main fund added 1.6%. Kensington and Wellington are up nearly 10% on the year, while Tudor is down 2.6%.

New York-based Autonomy Capital Research also made money, returning 2.6% in July. The $3.3 billion macro firm is up 11% in 2014.

Renaissance Technologies was not so lucky: Its Institutional Diversified Alpha Fund fell another 2% last month, extending its year-to-date loss to 4.9%.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note