Wednesday, 22 October 2014
Last updated 11 hours ago
May 21 2010 | 12:44pm ET
Greenlight Capital appears to have added a gold share class to its flagship hedge fund.
The New York-based firm raised $131.1 million in a private offering of limited partnerships in the new share class, MarketWatch reports. Most of that money went into the onshore Greenlight Capital (Gold), which attracted 29 investors, while Greenlight Capital Offshore (Gold) took in $2.6 million from four investors, according to regulatory filings.
MarketWatch, citing three hedge fund investors, say the offerings are probably not for a new fund, but for a gold-denominated share class of Greenlight’s existing fund.
Gold share classes have been doing better than those denominated in currencies, according to Paulson & Co.’s John Paulson, which also offers a gold share class, as well as a gold hedge fund.
“It does have a significant impact on performance,” he said.
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 ...