Monday, 22 December 2014
Last updated 17 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.