Tuesday, 21 October 2014
Last updated 25 min ago
Feb 24 2010 | 2:21am ET
London-based Commoditrade is opening its hedge fund unit to outside investors next month.
The investment firm has renamed the unit, which it bought last February, for the occasion. Rather than investing in AMCO Commodities, investors will give their money to Mentum, Bloomberg News reports. And instead of the hedge fund structure that the firm has employed since its debut four years ago, Mentum will offer separately-managed accounts exclusively.
Mentum, which had $100 million in assets when Commoditrade bought it last year, has been seeded with $20 million by its parent.
The rebranded entity features five portfolio managers. Three will trade the six primary metals on the London Metals exchange. The other two will trade energy derivatives on ICE Futures Europe and the New York Mercantile Exchange.
AMCO’s hedge fund returned 21% between May 2006 and February 2009.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...