Friday, 19 December 2014
Last updated 2 min ago
Feb 16 2007 | 12:52pm ET
Hedge fund managers take note: If you plan on losing 30% in a month, it helps to have tripled your clients’ money in the previous calendar year.
Metals-trading hedge fund Red Kite plummeted by about a third last month, battered by dropping copper prices. But the fund, which extended to 45 days the notice required to redeem investments in the wake of the loss, said in a statement today it hasn’t seen an avalanche of redemption requests.
“Our investor base, including all of our major investors, has given us strong support and encouragement for the future,” London- and New York-based RK Capital Management, which runs Red Kite, said. Investors had until yesterday to request withdrawals on March 31, and RK characterized the number of such requests as “insignificant.”
The bad news about January came after Red Kite posted a year of the ages in 2006, returning 188%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.