Tuesday, 21 October 2014
Last updated 3 min ago
Mar 14 2012 | 2:35pm ET
New hedge fund firm Quippa Capital Management will roll out a global macro offering in the second quarter—its maiden launch.
New York-based Quippa's first fund will have a long volatility bias in most environments, HFMWeek reports. It will launch, later in the second quarter, with internal capital and investments by several high-net worth individuals.
Quippa hopes to have $150 million in assets under management by the end of the year.
Quippa is the new base for David Mike, a former Goldman Sachs derivatives specialist. After leaving Goldman, Mike worked at Deutsche Bank and has been, since last year, a consultant to ADK Capital. Mike is hoping to hire a CFO for the new firm.
The new firm will charge 2% for management and 20% for performance, with a one year lockup—except for early investors in the founders' share class, who will get lower fees in exchange for an 18-month lockup. There is also a minimum investment requirement: $3 million for individuals and $10 million for institutions.
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 ...