Monday, 20 October 2014
Last updated 6 hours ago
Jun 11 2010 | 11:57am ET
London-based Alternative Advisors is adding another vehicle to the UCITS III explosion with a fund of hedge funds launch next week.
The firm’s Castillon Diversified Fund will debut on Wednesday, the firm said, with €60 million in initial assets. The euro-denominated fund will be managed by William Kitchin, head of investment research at Alternative Advisors. Before joining that firm, Kitchin did stints in hedge fund manager selection and strategy research at Morgan Stanley, Russell Investments and Tremont Capital Management.
To maintain its UCITS compliance, Castillon will invest only in UCITS-compliant absolute return funds and regulated financial instruments.
The fund, which offers weekly liquidity, will charge its retail investors a 1.25% management fee, while institutional investors will pay 1%. All investors will pay a 10% performance fee above the three-month LIBOR rate.
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 ...