Tuesday, 30 September 2014
Last updated 1 hour ago
May 17 2011 | 2:03am ET
Emerging markets hedge fund Gramercy has launched a multi-strategy best ideas vehicle with more than $100 million.
The Connecticut firm’s Master Fund debuted on April 1, MarketWatch reports, seeded by a $30 million investment from an existing client. The new fund invests in the firm’s best ideas across asset classes, chief investment officer Robert Koenigsberger told clients in a letter.
Initially, the fund has 30% of its assets invested in distressed debt and global macro, with 25% in stocks and 15% in special situations. Koenigsberger explained that the fund was developed over the past few months due to client interest.
“We remain excited about the near and long-term investment opportunities we are seeing in Asia, Europe, Latin America, the Middle East and Africa,” he wrote.
Recently, Koeningsberger, in a column in The Wall Street Journal, was particularly bullish on Europe, urging market-based debt exchanges that could ease the burdens on countries such as Greece and Ireland, creating “less of a need for harsh austerity measures that can lead to social disorder, and, soon after, unruly defaults.”
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...