Monday, 20 October 2014
Last updated 18 min ago
Sep 13 2012 | 7:54am ET
Grosvenor Capital Management has seeded a new activist hedge fund.
Engaged Capital said it received $85 million from the Chicago-based firm. Engaged, founded by Relational Investors veteran Glenn Welling, debuted this month.
Engaged said it would focus on small- and mid-cap stocks in North America.
"At the end of 2011, we decided it was time to go out and build a new firm just focused on activism in small- and mid-cap companies, using a more constructive approach to activist investing," Welling told Opalesque. "We see a unique opportunity in the small- to mid-cap market because the most successful activists are now managing $6 billion to $12 billion in assets under management and can't focus on the $500 million to $3 billion market cap companies, where the returns are the highest."
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 ...