Wednesday, 20 August 2014
Last updated 6 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 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note