Monday, 20 October 2014
Last updated 2 days ago
Mar 29 2010 | 2:14pm ET
Gottex Fund Management’s flagship market-neutral and directional strategies lost more than US$1 billion. But the firm’s new managed accounts program helped fill part of that gap, raising US$500 million in just 10 months.
The Swiss fund of hedge funds shop saw its operating profit drop by more than 80% to just US$10.1 million, as revenues fell by half to US$83 million. The firm was burned by a 16% drop in fee-earning assets, which fell from US$9.6 billion to US$8.1 billion.
The firm said it suffered US$1.7 billion in net redemptions, offset by US$200 million in performance gains.
“We expect institutional clients to increase allocations as the year progresses [but[ there is not a uniform trend of inflows yet.”
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 ...