One year ago
>> American hedge funds were midway through a turnaround year, with 65% of funds in the black and big names like BlueMountain, Chilton and QIM among the winners.
BlueMountain is up again this year (+4.45% through June 21), while QIM is down 7.11% (see full performance here). Returns for Chilton were not immediately available. Overall, 74% of Americas-based hedge funds reporting to the HedgeFund Intelligence database are up for the year despite widespread losses in June.
Some other big names who did well last year like Metacapital Management and Structured Portfolio Management find themselves on the bottom of the leaderboard in 2013. They have been replaced by high-flying rivals like Glenview Capital Management, Owl Creek Asset Management and Caxton Associates (full first half returns roundup available here).
See also: Sudden losses show MBS no longer a free ride I Big names, small returns: Americas hedge funds show broad, slight gains in Q1
Five years ago
>> Credit Suisse hired Erin Callan as managing director and head of its global hedge fund business, a new role said to involve liaising between prime brokerage and asset management.
Callan, the former CFO of Lehman Brothers toward its final days, lasted five months at the Swiss bank. She now lives in Florida and regrets trading her personal life for her career and the possibility of a family in her Wall Street days. "Inevitably, when I left my job, it devastated me. I couldn’t just rally and move on. I did not know how to value who I was versus what I did. What I did was who I was," she wrote in The New York Times this spring.
"Don't do it like me," she advised young women in a separate interview on NBC.
Credit Suisse spokesman Drew Benson was unable to answer whether anyone now holds Callan's role.
See also: Absolute Return prime brokerage rankings