Monday, 20 October 2014
Last updated 2 days ago
Jun 14 2011 | 2:02am ET
The highest-paid partner at Clive Capital earned more than £7.5 million per month between April and February, a period that saw the firm bounce back from a rough early 2010 to post double-digit returns last year.
The three Clive Partners—founder Christian Levett, Richard Boland and Elizabeth Holstein—paid themselves a total of £104.4 million between March 31, 2010, and Feb. 28 of this year, according to regulatory filings. But the lion's share of that, £83.9 million, went to only one of them.
The lucky partner, who took home 12.5% more than in the previous year, was not identified. Levett is the firm's controlling partner.
Clive returned more than 10% last year, an impressive feat given that the US$4.1 billion fund was in the red in the middle of the year. This year, the fund returned 5% through February, but took it on the chin in May, losing more than 11%.
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 ...