Saturday, 23 August 2014
Last updated 21 hours ago
Jul 22 2010 | 12:25pm ET
Global macro hedge fund shop Prologue Capital enjoyed a strong June and first-half, but the London- and Greenwich, Conn.-based firm isn’t celebrating just yet, despite recently cresting US$1 billion in assets.
Prologue’s flagship hedge fund rose 1.19% last month and is up 4% on the year, the firm told investors. But much of the investor letter was devoted to the black clouds Prologue sees on the horizon.
“The deterioration in expectations have been relatively moderate so far,” chief economist Tomas Jelf wrote. “We expect that the change later this year when growth in the U.S. and Eurozone is likely to decelerate.”
Jelf also noted that U.S. unemployment remains dangerously high, saying that it was "simply mind-numbing" that the number of people out of work for more than six months is “a post world war record by almost a factor of two,” The Wall Street Journal reports.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note