Thursday, 29 January 2015
Last updated 2 hours ago
Apr 14 2008 | 2:00am ET
One of the few hedge fund bright spots for Bear Stearns last year has turned sour in 2008.
The Emerging Markets Macro Fund was down 15.2% in the first quarter, the fund told investors, after an 11% decline in March. The fund blamed bad bets on global currencies for the decline.
The once $2.6 billion fund, managed by Melissa Ko, is down to just $1.2 billion. It returned 25.5% in 2007.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…