Monday, 20 October 2014
Last updated 6 hours ago
Jun 28 2007 | 10:57am ET
F&C Alternative Investments is raising money for its F&C Garnet Fund, which launched last November with capital from existing F&C investors. The fund, which invests in the foreign exchange volatility and forward rate-bias space, is now targeting institutional investors, funds of hedge funds and other investors.
Garnet is part of F&C's Gemstone hedge fund range and is managed by Stephen Dolbear. Its strategy portfolio concentrates on capturing the varying risk premiums embedded in FX volatility and forward rate bias positions.
“There are many participants in the FX options arena and past history indicates that there has been a tendency for options to be slightly expensive,” said Dolbear. “Our fund buys and sells volatility instruments to profit from temporary anomalies.”
The Garnet Fund is listed in Dublin, Ireland, and requires a minimum investment of €500,000 (US$672,000). Its management fee is 1.5% and its performance fee is 20% with a high water mark.
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 ...