Monday, 20 October 2014
Last updated 3 hours ago
Nov 18 2010 | 11:34am ET
Japanese hedge fund KTOs Capital Partners is launching a currency fund managed by a new hire from Hathersage Capital Management.
The Tokyo-based firm’s Currency Fund will debut on Dec. 1, seeded with US$5 million from a Japanese pension fund and US$6 million from the firm’s two funds of hedge funds, Bloomberg News reports. KTOs has hired William Lipschutz to run the new offering, which aims to raise US$300 million within a year by targeting Japanese pension funds.
“This currency fund will allow Japanese pensions to hedge their foreign exchange exposures given the low correlation with other asset classes such as bonds and equities,” KTOs founding partner Satoko Koshida told Bloomberg. “The currency market is a great place to diversify investments in this current climate where the global market is getting smaller and more connected.”
The fund will invest in Group of 10 currencies. Lipschutz will manage it from New York.
KTOs currently has US$90 million in assets under management spread across its two funds of hedge funds.
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 ...