Monday, 20 October 2014
Last updated 2 days ago
Aug 3 2011 | 10:51am ET
Artradis Capital Management co-founder Stephen Diggle's new hedge fund is off to a strong start—relatively.
Singapore-based Vulpes Investment Management launched its LAVA fund—which stands for long Asian volatility and arbitrage—on May 1, just in time for hedge funds to begin their summer swoon. But LAVA, which debuted with US$30.5 million, almost all of it partner capital, is up 1.5% since then, Bloomberg News reports.
LAVA runs a strategy similar to the late Artradis Barracuda Fund, which Diggle and co-founder Richard Magides shut down earlier this year after two years of negative returns. The fund is currently putting its money into "relative value opportunities" in Asian stocks, as well as gold options and credit default swaps.
"I'd rather be long corporate bonds than government bonds in essence because I see private prosperity and public squalor," Diggle told Bloomberg. "I just came back from Italy where the cars are expensive but the roads are bad. People have money but governments don't."
"I'm not sure if the next crisis will be centered on the stock markets," Diggle explained. "It's likely to be centered on government debt markets, currency markets and probably commodity markets."
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 ...