Wednesday, 22 October 2014
Last updated 15 hours ago
Dec 16 2011 | 10:36am ET
Add Prologue Capital’s Feeder Fund to the list of hedge funds that are in the black for 2011—the fund was up 8.02% through November.
The $1.3 billion global macro fund rose 1.92% last month, according to an investors letter viewed by Dow Jones Newswires, while its peers lost, on average 0.54% (according to Hedge Fund Research).
The letter attributed part of the November gains to "volatility, inflation and curve flattening trades together with relative value trades on the U.S. yield curve," without elaborating.
The fund also made money by shorting the euro against the U.S. dollar and by shorting the Swiss franc. Its gains, says Dow Jones, were partially offset by European and U.K. asset swaps.
The London and Greenwich, Conn.-based firm told investors it sees opportunities in shorting the euro and the Japanese yen against the U.S. dollar and betting against "front end volatility" in the U.S. or a stabilization in market conditions in the near term.
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 ...