Ex-Harvard Money Man Tops Benchmarks, Predicts Stronger '11

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.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...