Saturday, 20 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.