Monday, 20 October 2014
Last updated 2 days ago
Feb 17 2011 | 7:43am ET
Multi-billion hedge fund manager Ionic Capital Management has launched a convertible arbitrage fund with $100 million under management.
HFMWeek, citing an investor document, says the Ionic Convertible Master Fund focuses on high-delta convertible bonds trading at discounts to listed equity volatility. The new fund is diversified across 20-40 positions, trading convertible debt, equity options and other securities and instruments that are convertible, exchangeable or equity-linked.
Fund portfolio managers Bart Baum, Adam Radosti and Daniel Stone are alumni of JP Morgan-owned Highbridge Capital where they worked together for almost 10 years until 2006.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...