Tuesday, 21 October 2014
Last updated 4 hours ago
Oct 19 2012 | 11:08am ET
BlueCrest Capital, the $33 billion hedge find giant, has designed five brand new programs for its 'black box' BlueMatrix fund, reports Reuters.
The changes are intended to improve its use of computer algorithms to automatically trade assets.
A source familiar with the fund told the news agency that BlueCrest has added a program that looks at companies financial statements, one that considers analysts' recommendations, one that trades based on analysts' earnings revisions, one that looks at stocks' price-to-earnings ratios and one that uses trading signals from Leda Braga's $16 million BlueTrend fund.
The old BlueMatrix model has been left in the new system.
The fund's assets have risen from $560 million when the changes were presented to investors at the beginning of October to $620 million, said the source.
BlueCrest's AllBlue has a holding in BlueMatrix which it blamed for its 1.16% loss in H1 2012.
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 ...