Tuesday, 30 September 2014
Last updated 19 min 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.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...