Wednesday, 17 September 2014
Last updated 5 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.
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…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...