Tuesday, 21 October 2014
Last updated 1 hour ago
Feb 7 2012 | 12:38pm ET
A difficult fundraising environment for start-up hedge funds has claimed another victim.
Atwater Capital, founded two years ago by a pair of Atticus Capital veterans with seed capital from Atticus founder Timothy Barakett, is liquidating and returning money to investors, Financial News reports. The firm threw in the towel after it was unable to reach critical asset mass, sources said.
The fund managed $163.6 million at the end of last year, making it hard to convince larger investors to entrust their capital to the firm.
Lee Pollock and Kris Green founded the New York firm after Barakett called it quits at Atticus in 2009. The event-driven fund returned 5.44% in 2010 and lost 3.01% last year.
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 ...