Positive November for Hedge Fund Leaders
Some hedge fund leaders posted strong returns during the week ending 05 December, 2014: David Einhorn’s Greenlight Capital is now up 11% YTD after delivering a November performance of 5.8% gains; William Ackman and Barry Rosenstein (Jana) also had good returns in November.
Managed
futures titan Cantab Capital Partners rose 18% in its main hedge fund
last month while newcomer TriDelta High Income Balanced Fund completed
its first year of operations with 15.9% gains. Managed futures funds, or
commodity trading advisers, had their best month in more than ten years
up 8.2% in November. Also smn futures fund capitalized on the CTA
comeback with 13.69% gains in November.
But
hedge funds were also said to be closing ‘like crazy’ with more than
400 shut downs in the first half of this year; Brevan Howard said it was
shutting down its commodity hedge fund due to poor performance; Fir
Tree Partners liquidated its Argentina fund after generating an
annualized net return of 20% over the past 19 months; AAA Capital
Management will shut its doors and return investor money at the end of
the year; and Adams Hill Partners which is managed by Andrew Schwartz.
Source: Opalesque
