Thursday, 23 October 2014
Last updated 13 hours ago
Jul 20 2007 | 10:49am ET
In addition to recalcitrant portfolio companies, Pirate Capital’s Thomas Hudson has another reason to be angry this month: recalcitrant investors.
Investors withdrew roughly half its remaining assets on Jun. 30, leaving the once $2 billion fund with just about $400 million, Hedge Fund Alert reports.
Leading the departures was fund of funds shop GAM, which alone accounts for as much as $300 million of the withdrawals.
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 ...