Sunday, 23 November 2014
Last updated 2 days ago
Oct 17 2008 | 12:02pm ET
For the Barakett brothers, bad news is all in the family.
New York-based Tremblant Capital Group, run by Bret Barakett, brother of Atticus Capital’s Tim Barakett, took a big hit over last with, with three of its funds dropping by double-digits during one of the worst months in the history of the hedge fund industry. The firm’s flagship dropped 19% last month and is down 27.9% on the year, the New York Post reports; its smaller Tremblant Concentrated fund had it even worse, losing 22.3% in September and 40.1% on the year.
Another Tremblant fund, Tremblant-Trident, fell 10% last month and is down 22.3% year-to-date. All told, the losses total about $2.4 billion.
According to the Post, the funds were burned by their equities bet.
Brother Tim’s Atticus recently had to swat down rumors that it was liquidating its two main funds following big losses.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...