Wednesday, 1 October 2014
Last updated 7 hours ago
Feb 16 2012 | 2:51am ET
London-based Duet Group bets that its clients are feeling frisky.
The hedge fund has opened a more aggressive version of its flagship market-neutral strategy to outside capital. The fund was introduced in August 2010 and currently manages $70 million, most of it internal capital with one institutional investor, HFMWeek reports.
"We had many investors who wanted the pure alpha generation, consistent returns and downside protection of the flagship but with higher performance," Jason McNab, chief investment officer and fund manager, told HFM. "We had a huge opportunity set of slightly higher volatility trades with excellent risk/reward that we were not taking advantage of, so it was logical to create a new fund."
The Duet Global Plus Fund hopes to return between 15% and 20% annually, although since its debut it has managed only a 15.2% total return. While it can invest globally, the fund focuses on European catalyst event trades. It has a capacity of $2 billion.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...