Tuesday, 23 September 2014
Last updated 11 hours ago
Jan 14 2011 | 1:19pm ET
Singapore-based Quantedge Capital already knows what it wants for Christmas: to be managing twice as much at the end of the year as at the beginning for the second year in a row.
The quantitative firm plans to more than double the size of its global macro hedge fund by the end of the year to US$200 million, Bloomberg News reports. And it has some pretty impressive marketing materials: The Quantedge Global Fund returned a whopping 80% last year, its best year since launching in 2006.
The fund currently manages about US$75 million, and should break that US$100 million mark by the end of the first quarter.
Quantedge co-founder Leow Kah Shin told Bloomberg that the firm is looking for investors who "understand the need to accept short-term volatility in exchange for strong long-term capital growth."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.