Saturday, 25 October 2014
Last updated 1 day ago
Jun 25 2010 | 7:12am ET
Coming from a country whose currency is affectionately known as the loonie, a hedge fund whose sole raison d’être is to bet against the euro may seem a bit rich. But Redwood Asset Management is going ahead with it anyway.
“We believe that these are structural issues that will take years to resolve,” Michael Yip, president of subadvisor Garrison Hill Capital Management, told the Globe and Mail of the European currency. “The European Crisis Fund provides investors a unique investment opportunity and risk management tool.”
The new fund will offer those investors a chance to “profit and hedge their portfolios from deteriorating political and economic conditions in the euro zone,” Redwood said. It is set to launch on July 12.
According to Redwood, the Garrison Hill European Crisis Fund is the first European crisis fund in Canada.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.