Tuesday, 21 October 2014
Last updated 7 hours ago
Aug 26 2010 | 12:49pm ET
A new hedge fund aims to fill a very, very specific market niche: A string of high-end resorts catering to the well-heeled and lead-footed.
The Princes Gate Group’s new Opportunistic Real Estate program will fund a series of “resorts centered on the passion for exclusive sports cars,” which Princes Gate promises is “a market niche that has so far remained unexplored.” The first “Tycoonaire Gentlemen Sport Driving Resort” is expected break ground on the French Riviera as early as next year, with future locations in equally exquisite places planned.
Each resort will offer tycoonaire gentlemen five-star accommodations, a spa, tennis courts, a polo field, a go-kart circuit for children, and the “technology farm” for developing new green technologies that all well-heeled travelers are looking for these days. Oh, and of course a “safe and secure” race track for all of the gentlemen drivers to drive very fast on, somehow in an environmentally sustainable way.
What’s more, those who come and and to stay will have the option of buying individual villas or condos.
Not a tycoonaire gentleman but hope to make money off of them? Princes Gate wants to help, saying the new program will provide “sustainable and strong returns in a controlled risk environment,” including semi-annual dividends and hoped-for double-digit returns.
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 ...