This file photo taken on January 30, 2011 shows US currency is seeen in this January 30, 2011 photo in Manassas, VA. AFP / KAREN BLEIER
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The worst year for hedge funds since 2011 is drawing to a close.Jeffrey Talpins' Element Capital Management soared 26 percent through November and Autonomy Capital, Robert Gibbins' more than $4.5 billion firm, is up almost 16 percent in its global macro fund, according to people familiar with the matter. The funds were both almost flat last month, with Element down 0.4 percent and Autonomy up 0.6 percent.The macro hedge fund, which has seen assets plunge to about $2.8 billion from $28 billion in 2013, is looking at its best year since at least 2011, when it gained 12.2 percent.One of GAM Holding AG's quant hedge funds meanwhile plunged 29 percent this year through November, wiping out all of last year's gains.The $255 million fund profited from the return of stock market swings after one of the most subdued periods for volatility last year, making 21 percent in February alone and rising another 4.8 percent in October.Greenwoods Asset Management Ltd.'s $1.8 billion Golden China Fund swung to a 20 percent loss in the first 11 months after 2017's stellar 52 percent gain, an update to investors shows, while the $213 million Zeal China Fund shed almost 22 percent, having made 32 percent last year.
FOLLOW THIS ARTICLE