Monday, 1 September 2014
Last updated 3 days ago
May 30 2012 | 12:52pm ET
Add another Asian hedge fund to the scrap heap.
Singapore's Novatera Capital has closed its doors and returned its capital to investors. The long/short small-cap equity hedge fund had lost about 16% last year.
Founder Robert Lewis told Reuters that he returned the last of the money about two weeks ago. He added that he is working on other projects now—including a class on value investing—that will not involve his managing money.
The former JPMorgan Chase executive had managed about US$90 million at Novatera, down from a peak of about US$130 million.
The Asian hedge fund industry continues to contract this year, after seeing 140 funds close their doors last year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...