Tuesday, 21 October 2014
Last updated 11 hours ago
Jul 2 2010 | 1:46pm ET
Tough times for European energy markets are turning into a bloodbath for European energy hedge funds.
At least six have called it quits this year, leaving only about 30 or so hedge funds actively trading in the European energy markets, Bloomberg News reports. Four of the collapses and closures have occurred in the last two months alone.
All told, the half-dozen closed funds managed more than US$158 million.
Among the casualties are London-based Rampart Capital, which said it failed to reach “critical mass” in the nine months since it launched, Amsterdam-based Energy Capital Management’s MMT Energy Fund, which has posted poor performance for more than a year, and Orkla Finans’s Energy Fund.
“I certainly can’t think of a period when so many funds in the sector called it a day,” Fraser McKenzie of fund of energy hedge funds 47 Degrees North Capital Management told Bloomberg.
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 ...