Monday, 20 October 2014
Last updated 20 min ago
Mar 28 2012 | 12:32pm ET
Fund of hedge funds Notz Stucki is set to roll out a global distressed fund this summer as it continues to rebound from a difficult few years.
Notz has begun fundraising for the new fund of funds, opening a three-month subscription period prior to opening the fund on July 1 with more than US$50 million in assets, HFMWeek reports. The new fund will have between 15 and 25 managers—the Swiss firm is still building the platform—and will seek to profit from bank deleveraging in Europe.
"We are seeing opportunities in banks that are being forced to de-lever as a result of the continued slow recovery, particularly in Europe," Notz's Sébastian Poiret told HFM.
The distressed fund will be Notz's 10th fund of funds. The firm, which still manages less than half the US$16 billion it had prior to being ensnared by the Bernard Madoff Ponzi scheme, has seen its flagship fund of funds rise 6.3% this year, and recently opened an office in Bahrain.
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 ...