Tuesday, 21 October 2014
Last updated 3 hours ago
May 25 2011 | 11:15am ET
A pair of hedge fund veterans have founded an event-driven firm of their own. And Dan Carroll, formerly of Litmus Capital Management, and Amit Batra, formerly of Steel Canyon Capital, last month launched their maiden hedge fund at Ratel Capital Management.
"It's a good time for our investment strategy," Batra told HFMWeek. "We develop different filters for value, industry themes, management quality and events, and we overlay these to build differentiated portfolios that we believe can perform well in all market environments."
The firm's eponymous first fund is currently available in the U.S. It charges 1.5% for management and 20% for performance and features quarterly liquidity. Jefferies serves as prime broker.
Prior to founding Ratel, Carroll founded and managed Litmus. His résumé also boasts stints at Third Point and Royal Capital.
Batra was a senior analyst at Steel Canyon before joining forces with Carroll. He formerly worked at XL Capital Investment Partners.
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 ...