returns

His Citadel LLC returned more than 300 percent in a fund started as a high-frequency strategy in late 2007, according to two people familiar with the Chicago-based money manager. The $830 million pool, which added other strategies in recent years, beat the 44 percent gain of the U.S. stock market in the six years through 2013 as well as Griffin’s two main hedge funds, which together have $8.8 billion in assets and rose 45 percent in the period. [Bloomberg]

Surprise, surprise: Low-key investment funds that diversify their portfolios across asset classes to protect them for the long term are again proving their value. So-called “risk parity” funds—run by prominent investment firms like Bridgewater Associates, AQR Capital Management and Invesco—are up an average of 3.3 percent through March, according to data from Morningstar, easily beating returns for stocks and bonds. That also is better than a classic 60-40 percent stock-bond allocation, which gained 1.87 percent in the first quarter. [NetNet]

  • 08 Apr 2014 at 3:30 PM

Dear Paulson Investors

March didn’t turn out as well as everyone had hoped but, on the bright side, it could’ve been so much worse. Read more »

Ray Dalio > Louis Bacon > PTJ > Andy Hall

January’s numbers are in and they are… not great. Especially for Andrew Hall of Phibro fame, who, if he is in fact God, is proving the almighty rather fallible. Read more »

  • 02 Dec 2013 at 4:49 PM

Dear Tudor Tensor Investors

November-ish performance. Read more »

Pershing Square Did Pretty Okay For Itself Last Month

October performance. Read more »

The Greenlight Capital funds, run by hedge fund manager David Einhorn, returned 4.3 percent in the third quarter of 2013, bringing the funds’ year-to-date net return to 11.8 percent, according to a letter to investors seen by Reuters…The letter said that “virtually every long position” that the firm had was profitable in the third quarter, and that it added a “medium-sized long position” in Osram Licht AG . [Reuters]