Wednesday, 1 October 2014
Last updated 10 hours ago
Jan 26 2011 | 2:38am ET
Hong Kong-based Value Partners Group turned in its second-straight double-digit year in 2010, bringing its return since inception to 39%.
The firm's Credit Fund, which debuted in July 2009, added 19% last year, Bloomberg News reports. The vehicle now manages about US$55 million, up from US$10 million at launch.
"We came out of 2009 where spreads were still very wide and there was a lot of value in all the fixed-income space," senior manager Fawaz Habel told Bloomberg. "Today, we see pockets of value but also pockets of completely no value."
Currently, the firm has its long bets split evenly between high-yield and convertible bonds. In September and October, it was weighted heavily towards the latter, but cut back on both in November. It also began shorting investment-grade and junk bonds.
Value Partners is also increasingly betting on Chinese real-estate companies, Habel said.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...