Tuesday, 21 October 2014
Last updated 2 hours ago
Mar 27 2012 | 9:23am ET
The Hilltop Core Select Fund, a UK-based fund of hedge funds, was up an estimated 1.17% in February.
Hilltop’s portfolio manager, Rory Hills, added three new funds this month, all pure alpha, one with a minority macro element. Twelve of the funds in the portfolio were up in February, by an average of 17bps while six were down by an average of 9bps.
Hills says he intends to add another four pure alpha funds within the next two months as part of planned changes outlined in September and October 211.
The fund has also revised a small estimated net loss for January into a final flat net return. The fund ended 2011 up 1.3% and 2010 up 3.6%.
Although Hilltop occasionally invests in managers operating in “unconventional markets,” the Core Select Fund focuses chiefly on managers “operating mainstream markets but in unusual and/or distinctive ways.” Its current allocations include 27% equities, 19% volatility, 17% mortgages, 15% credit, 5% commodities, 5% fixed income, 2% multi-asset and 10% cash.
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 ...