Wednesday, 3 September 2014
Last updated 14 hours ago
Jan 28 2011 | 11:48am ET
Convexity Capital Management, the hedge fund founded by former Harvard University endowment head Jack Meyer, managed to beat its benchmarks yet again despite an unfavorable market environment.
The $12.3 billion volatility specialist managed to best a group of market indices by 5% last year. In a letter to investors obtained by Bloomberg News, Meyer suggested that better things are to come this year.
"Continued stresses in Europe and in currencies globally could create opportunities across the board," he wrote. He said the firm was "quiet about our optimism, but don't think that it's not there."
Last year, by contrast, was "mediocre" in terms of opportunity, without the "irrational spreads" or "strange bumps in the forward curves" that Convexity thrives on, Meyer wrote.
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…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...