Friday, 27 November 2015
Last updated 18 min ago
Sep 11 2008 | 8:33am ET
Metals hedge fund firm RK Capital Management’s funds plummeted a combined 30% last month, turning the firm’s turnaround year into something closer to more of the same.
Falling copper and aluminum prices drove the combined year-to-date return of RK’s five funds to about 2%, Bloomberg News reports. Not all of its funds are so lucky: Its flagship Red Kite Metals fund, which lost about half of its value through November last year, fell about 40% on the month, leaving it down as much as 7% on the year.
“Red Kite experienced difficult trading conditions in August and its trading funds had disappointing performance,” an RK spokesman told Bloomberg. But he added, “All but one of these funds, and the majority of investor assets, are at, or above, their high watermarks.”
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…