First quarter blues – CNBC
Many of last year’s high-fliers, particularly tech stocks, took a beating in the first quarter which led to some very poor results for some of the biggest hedge funds. According to CNBC, hedge funds suffered their worst first quarter since the financial crisis with an average gain of just 1.23%…
No flash in the pan – Bloomberg
Citadel’s Tactical Trading fund, which specializes in high-frequency trading, has returned more than 300% since its inception in late 2007. With only five losing months in that time period the $830 million fund has an annualized return of 26%…
Gupta to surrender – Reuters
U.S. District Judge Jed Rakoff has directed Rajat Gupta to surrender by 2:00 p.m. on June 17th to begin his two-year prison sentence. Gupta was convicted in June of 2012 on securities fraud and conspiracy charges…
Photo Credit – Everyinvestor.co.uk
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