Tuesday, 2 September 2014
Last updated 7 min ago
Oct 18 2010 | 10:44am ET
Emerging markets hedge fund Covepoint Capital Advisors has followed up a big 2009 with a strong 2010.
The firm's $785 million Emerging Markets Macro fund is up 18.4% this year, Bloomberg News reports. The flagship soared almost 63% last year, thanks to a bet that Brazil would lower interest rates in the face of the financial crisis.
Firm founder Melissa Ko sees more such opportunities in the offing, especially in developed-market currencies.
"Our focus traditionally has been emerging-market currencies, but with the division between emerging markets and developed markets becoming more and more nebulous, we focus on G-10 currencies just as much," she told Bloomberg.
Covepont's newer Commodity Currency Fund isn't doing quite as well, having lost 1.54% this year after rising 4.96% in the last four months of last year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...