Wednesday, 22 October 2014
Last updated 14 hours ago
Mar 12 2007 | 9:53am ET
A pair of formerly long-only managers is diversifying with the launch of their flagship fund, the Rival North American Growth Fund. The long/short offering is set to launch on April 2. The managers, Rob Hall and Tony Warzel, are embarking on a roadshow in western Canada, with stops in Winnipeg, Manitoba, Calgary, Alberta, and Vancouver, British Columbia.
The fund will employ a top-down, theme-driven growth strategy, focusing on small and mid-size companies in North America with a market capitalization of less than US$2 billion in Canada and less than US$10 billion in the U.S. It will implement stop-loss orders and option strategies in order to limit losses in any particular position, and will not employ leverage exceeding 50% of its net asset value. Its short exposure will remain between 0% and 50% and it will have no limits on cash holdings.
“The strategy and proprietary methodology behind the fund will create high value investment opportunities primarily in Canadian and U.S. equities, which we believe will provide superior returns to investors over time,” Warzel, Rival Capital Management’s CIO, said.
Warzel and his partner managed money for financial services concern Great-West Lifeco before founding Winnipeg-based Rival last year.
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 ...