Friday, 24 October 2014
Last updated 18 hours ago
Oct 18 2010 | 11:39am ET
CQS is dipping its toe into the publicly-listed waters, with plans to launch a hedge fund on the London Stock Exchange.
The US$7 billion firm's first listed vehicle will invest in the hedge fund's Diversified Fund, which itself invests in CQS's other hedge funds, the Financial Times reports. The Diversified Fund is up almost 22% this year after a 7.69% September surge, and has enjoyed a 10% annualized return since its debut in 2007.
CQS has yet to set a target amount to be raised by the share sale. RBS Hoare Govett will serve as bookrunner and is to begun gauging interest among investors this week.
The new fund will feature a provision that triggers a continuation vote if its shares trade at a discount of more than 5%.
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…
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 ...