Friday, 24 October 2014
Last updated 18 hours ago
Dec 27 2010 | 2:18am ET
November was a mixed month for the hedge fund industry, with some indices showing slight increases and others equally slight declines. For Brevan Howard Asset Management, last month brought the latter.
London-based Brevan, Europe's largest hedge fund manager until the consummation of the Man Group-GLG Partners merger earlier this year, saw its flagship drop 0.3% in November, The New York Times reports. The firm blamed the drop on "losses in interest rate trading, mainly in directional strategies."
The US$32 billion firm's BH Macro Limited Fund, a listed vehicle that invests in its flagship Master Fund, is up 1.43% 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 ...