Avenue Rising In Second Quarter

Jul 1 2008 | 10:00am ET

The second quarter is proving to be much more congenial than the first for Avenue Capital Partners.

The $16.5 billion New York hedge fund manager reported its second-straight strong month, telling investors that its funds posted gains in May.

The firm’s $1.5 billion Avenue International fund was up 1.5% in May, almost matching April’s 1.58% return, though it remains in the red year-to-date. Avenue’s $1 billion Europe International Fund and $574 million Avenue Investments fund also posted gains after adding 1.28% and 1.29%, respectively, in April.

RELATED STORIES

Avenue Capital Funds Rise In April


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note