Wednesday, 22 October 2014
Last updated 12 hours ago
Oct 13 2011 | 2:24am ET
JAT Capital Management has returned 31% through the first nine months of the year as the New York-based firm's short bets have paid off.
JAT dropped 3.2% last month. The $3 billion firm did post some big losses in its long book. But the firm's short bets helped offset those losses, Bloomberg News reports.
If JAT can hold on to most of those gains during the fourth quarter, it will post its third-straight year of double-digit returns. The fund rose 20% in 2009 and 11% last year.
That track record could prove useful if JAT decides to begin taking in new money again next year. The firm, whose assets have tripled this year, stopped taking new capital at the beginning of this month.
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 ...