Monday, 20 October 2014
Last updated 1 hour ago
Dec 14 2011 | 8:51am ET
Arcadia Capital Advisors plans to liquidate its hedge fund after its seed investor moved to redeem its capital.
MD Sass decided to pull its investment due to New York-based Arcadia’s inability to raise money. Those factors pushed managing director Richard Rofé to return all capital to outside investors by April. Rofé plans to look for other strategic partners to back a concentrated activist fund at Arcadia.
MD Sass’s MD Sass-Macquarie Financial Strategies Fund’s three-year contract with Arcadia expired in October.
“I have a high regard for Arcadia’s money manager, Richard Rofé, and enjoy a good relationship with him,” MD Sass’s Martin Sass told HFMWeek. “The reason for withdrawing is the difficulty in raising assets for a start-up micro-cap activist equity-oriented fund in the current market.”
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 ...