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"Over the last year he has done an impressive job, with the income fund returning 13.3% and the high-income fund returning 12.9%, well ahead of the sector average of 9.3%," he said.
FINANCIAL TIMES Former Goldman Trader Looks to Raise Capital | Symphony Financial Partnersrs, a hedge fund firm run by a former Goldman Sachs trader, has beaten rivals, with one fund returning 16 percent through April this year, Bloomberg news reports.
It also brings new investor Silicon Valley Bank into the mix, with existing investors Uncork, Nextview Ventures, ENIAC, and E14 Fund returning for another round.
Thus if a fund typically trades at -5% discount but is now trading at a -10% discount, one could anticipate the fund returning to its historical average and pocketing the 5% difference.
Putting the lottery winnings in an S&P index fund returning 10% to 12% a year would make Duke a billionaire in about 25 years, or ten years beyond his stated goal.
Similar(55)
The average municipal bond fund returned 3.3 percent.
The Turner New Enterprise fund returned 30percentt.
The fund returned 5.6percentt after fees.
The fund returned 7.21percentt in the quarter.
His flagship Medallion fund returned 73percentt.
The fund returned 1percentt for the quarter.
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CEO of Professional Science Editing for Scientists @ prosciediting.com