Friday, 28 November 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...