Sunday, 3 May 2015
Last updated 2 days ago
Jul 30 2012 | 1:25pm ET
Sloane Robinson is in danger of extending its losing streak to three years.
The London-based hedge fund had a bad first half thanks to an even worse second quarter. Its Global Fund's portfolios dropped between 5.5% and 10.1% in the year's second three months, leaving all but one of the five—Japan, up 7.6%—in the red for the year.
Indeed, Japan is the only place in the world that Sloane Robinson has made money this year.
Sloane Robinson's assets under management have fallen by more than two-thirds over the last five years, down to $4.7 billion, and 41% over the past 18 months—the firm managed $8.1 billion at the beginning of last year.
Sloane Robinson has ditched its hedges on Europe in an effort to turn things around. "We don't doubt that the Federal Research and the Bank of England will undertake further" quantitative easing, it wrote. "More orthodox measures in China and Japan will, however, stand a greater chance of success in promoting demand because in both economies there is a strong and realistic prospect of a renewed credit cycle."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…