Wednesday, 6 May 2015
Last updated 2 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…