Monday, 20 October 2014
Last updated 2 days ago
Nov 12 2010 | 2:13am ET
CQS plans to launch its first listed hedge fund on Dec. 15, it said in the new fund’s prospectus.
The London-based firm said it hopes to offer its CQS Diversified through a placement on the London Stock Exchange, both to British institutional investors and international investors. The subscription offer will close on Dec. 9.
The listed vehicle will invest in CQS’s existing Diversified Fund, which launched in 2007. The fund of funds, which invests in other CQS funds, has posted a 10% annualized return and is up 22% this year.
RBS Hoare Govett is serving as bookrunner for the placement. The new fund will feature a provision triggering 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…
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 ...