Sep 19 2011 | 4:44am ET
August’s market volatility was certainly improbable, good news for hedge funds that bet on just such improbabilities.
So-called “black swan,” or tail-risk, funds, soared last month. Saba Capital Management’s such fund, which has some $550 million in assets, jumped 15% last month. Man Group’s Tail Profit Fund soared 29.18% and 36 South Investment Manager’s Black Orlov Fund 19.56%—bringing its year-to-date return to 94.42%.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…