Friday, 24 October 2014
Last updated 1 hour ago
Nov 29 2010 | 10:03am ET
Artemis Investment Management has already profited from Gartmore Group's troubles, having swooped in to snare its Growth Opportunities Trust after that fund fired Gartmore. But the money manager doesn't appear to be stopping there.
Artemis is among a handful of funds of hedge funds and asset managers mulling a reverse-merger with Gartmore, which has been slammed with redemptions following the resignation of top hedge fund manager Roger Guy earlier this month. Gartmore quickly moved to seek a buyer, hiring Goldman Sachs to consider strategic alternatives for the firm.
In September, Gartmore's Growth Opportunities Fund voted to merge with Artemis' Alpha Trust. The fund fired Gartmore after manager Gervais Williams left the firm earlier this year.
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 ...