Friday, 9 October 2015
Last updated 2 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…