Tuesday, 1 December 2015
Last updated 6 hours ago
Jun 5 2008 | 12:48pm ET
Investors have turned downright contrary with Contrarian Capital Management.
The Greenwich, Conn.-based shop saw its flagship fund shrink by about $700 million in the fourth quarter of last year, almost entirely due to client redemptions. The size of the fund fell 14% due to withdrawals, from about $4.9 billion to about $4.2 billion, according to the New York Post. By contrast, the fund lost only 1.24% due to negative returns for all of last year.
The fund has turned things around to some extent this year, adding about $1 billion in new money. In terms of returns, the fund is down almost 1% this year.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…