Monday, 3 August 2015
Last updated 2 days ago
Aug 18 2014 | 9:26am ET
Eton Park vet Edward Misrahi's hedge fund has returned double-digits year to date in 2014.
Ronit Capital returned 4.8% in July, bringing its year-to-date returns to about 13.5%, a person with knowledge of the fund told FINalternatives. To put that in perspective, the average hedge fund lost 0.6% in July, according to the HFRI Weighted Composite Index, and has gained 2.5% YTD.
The global emerging markets fund apparently made a substantial return on its short book last month, including its bet on the floundering Banco Espirito Santo, Portugal's second-largest bank and the subject of a government bailout.
Misrahi, a founding partner of New York-based Eton Park, left the $10 billion hedge fund in 2012, launching Ronit the following 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…