Thursday, 23 October 2014
Last updated 13 min ago
Apr 3 2012 | 1:37pm ET
Another Tiger cub is set to leave the lair.
Adam Leitzes plans to launch an Asia equity hedge fund in the second quarter, Bloomberg News reports. Tiger Management's man on the ground in Shanghai has registered his Karst Peak Capital in Hong Kong.
Karst Peak could launch with as much as US$50 million in initial assets.
Leitzes joins a number of traders launching Asia-focused hedge funds, including former Goldman Sachs proprietary trading chief Morgan Sze and former Highbridge Capital Management Asia chief Carl Huttenlocher. He also joins a star-studded cast of hedge fund managers who got their start under Julian Robertson's watch, among them Tiger Global Management's Charles Goleman, Maverick Capital Management's Lee Ainslie, Touradji Capital Management's Paul Touradji and Tiger Asia Management's Bill Hwang.
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…
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 ...