Wednesday, 22 October 2014
Last updated 12 hours ago
Aug 6 2012 | 12:30pm ET
Armajaro Asset Management is known as a commodities hedge fund shop, but the firm has plans to change that.
London-based Armajaro will launch its first equities-only hedge fund on Oct. 1, focusing on financials. The new fund will debut with as much as US$100 million and will be led by Ben Steele and Peter Walters.
Steele and Walters joined Armajaro from TT International, where they also ran a financials strategy.
Armajaro was to increase its range to between 10 and 15 funds—it currently manages its flagship commodity fund and an emerging markets fund—and to boost its assets from US$1.5 billion to about US$10 billion, CEO Harry Morley told Reuters.
The Global Financials Fund has a capacity of more than US$1 billion. It will seek to profit from "long-term structural dynamics" in the financials space, Steele said.
"We're not launching a product because it's a hot space," Morley told the Financial Times, although it is a hot space. "We're launching it because we believe there is a long-term opportunity for returns."
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 ...