Tuesday, 21 October 2014
Last updated 8 hours ago
May 23 2012 | 11:48am ET
Commerce Street Investment Adviser will launch a new hedge fund helmed by two Highland Capital Management veterans next month.
Commerce Street Investment Partners III is expected to debut with both internal capital and some early investors. The Dallas-based firm hopes to raise between $250 million and $300 million for the fund, and has hired another Highland vet, Amy Jenkins, to help handle its marketing effort, HFMWeek reports.
The new fund is targeting institutional investors and is amenable to accepting acceleration capital.
CSIP III will invest in collateralized debt obligations pooling community bank preferred shares. It will be managed by Kurt Plumer, who joined Commerce Street last year. He is working with Richard Jakob, who worked with Plumer at Highland nine years ago and who joined Commerce Street last year after a stint as chief marketing officer at Cedarview Capital Management.
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 ...