Monday, 20 October 2014
Last updated 15 min ago
Oct 11 2010 | 1:28pm ET
GLG Partners is launching a UCITS III-compliant version of its US$250 million macro fund, headed by one of its top hedge fund managers.
The new Atlas Macro Alternative Fund will be GLG’s eighth UCITS fund. It is also likely the last new fund news to come out of an independent GLG, with the firm’s shareholders set to approve its acquisition by the Man Group tomorrow.
The UCITS macro fund will mirror GLG’s Atlas Macro Fund, and will feature the same management, the Financial Times reports. Former Goldman Sachs trader Driss Ben-Brahim, who joined GLG two years ago, and GLG strategy chief Jamil Baz will helm the new fund.
The UCITS version will target annual returns of between 10% and 15%, with volatility of between 10% and 15%.
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 ...