Tuesday, 21 October 2014
Last updated 8 hours ago
May 6 2011 | 12:27pm ET
Catastrophe risk hedge fund Nephila Capital took a big hit in March in the wake of the Japanese earthquake and tsunami—but not as big a hit as might have been expected.
The firm's Catastrophe fund lost 4.9% in March, MarketWatch reports, putting it down 5.5% on the year. The hedge fund lost 1.5% in February due in part to the smaller earthquake that devastated Christchurch, New Zealand, that month, and fell almost 16% following Hurricane Katrina in 2005.
Cat-bonds took big losses after the Japanese tragedy on March 11, which is believed to have killed more than 25,000 people and led to a crisis at a nuclear power plant in northern Japan. Nephila had 59% exposure to cat bonds about a year ago.
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 ...