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
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.
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 They have been
replaced by high-flying rivals like Glenview Capital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
Sudden losses show MBS no longer a free ride
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
Callan, the former CFO of Lehman Brothers toward its final
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.
Absolute Return prime brokerage rankings