Monday, 20 October 2014
Last updated 2 days ago
Dec 13 2011 | 10:38am ET
UK hedge fund manager and well-known contrarian Hugh Hendry has presided over 52% YTD gains in his ‘China short’ fund, which bet against credit companies poised to falter during a Chinese slowdown.
According to the Financial Times, the trade has proved one of the most successful in the hedge fund industry in 2011.
Hendry’s credit fund shorts highly cyclical Japanese corporate credits with high exposure to Chinese demand.
His flagship Eclectica Fund, also partly invested in credit default swaps contracts against Japanese credits, has returned 12.2% YTD, investors told the FT.
Hendry has been warning of a Chinese slowdown since 2009, going so far as to upload a video to YouTube of himself “looking for tenants” in deserted Chinese real estate developments.
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 ...