Avenue Capital, the $16.5 billion New York hedge fund best known as Chelsea Clinton’s very understanding employer, is taking a turn for the better in time for the former First Daughter to return to work.
The firm, headed by major Hillary Clinton supporter Marc Lasry, saw four of its hedge funds return to positive ground in April after a difficult first quarter. The funds rose between 1.3% and 1.6%, according to letters to investors obtained by Reuters, although all remain in the red year-to-date.
The $1.4 billion Avenue Internation fund rose 1.58% last month (down 2.06% year-to-date), the $960 million Avenue Europe International fund rose 1.28% (down 1.99% YTD), the $554 million Avenue Investments fund rose 1.29% (down 2.18% YTD) and the $455 million Avenue Europe Investments fund rose 1.32% (down 2.62% YTD).
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...