Monday, 20 October 2014
Last updated 2 days ago
Sep 20 2010 | 1:28am ET
Arsago Capital Management has just about hit rock-bottom, but the Swiss hedge fund manager hopes it has hit upon a strategy to bounce back.
The firm last week launched what it called the first UCITS III-compliant Latin America fund in Europe. The new fund is run in conjunction with GAM’s Swiss & Global Asset Management and LatinFinance, CEO Daniel Bittner told Reuters.
The new fund will manage between $23 million and $28 million, Bittner said.
He added that the firm may also launch a real-estate hedge fund.
The two new funds are a major change for Arsago, which has seen more than 80% of its assets disappear since the financial crisis. The firm, which once managed $1 billion, now manages about $190 million. At least three of the firm’s trading teams have left over the past two years and Arsago has shuttered its currency, fixed-income and quantitative funds. The firm was also burned by the collapse of Lehman Brothers, leaving some client assets frozen.
Arsago is still managing its flagship global macro fund, which returned 12.5% last year, despite the departure of trader Jans Stehman.
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 ...