Monday, 20 October 2014
Last updated 4 hours ago
Nov 13 2012 | 2:42pm ET
Newly-elected Florida Congressman Alan Grayson may be on his way back to Washington, but he isn't abandoning his year-old hedge fund.
“Congressman Grayson will continue his involvement in the fund in a manner consistent with his responsibilities as a Member of Congress, and his responsibilities to his constituents,” Todd Jurkowski, vice president of investor relations for The Grayson Fund Management Company, told FINalternatives.
According to Jurowski, the fund will “continue to employ the same investment strategies” and “hopes to build on its success in the last quarter, when it enjoyed a 23% return on equity.”
The Orlando-based fund employs a global, deep-value strategy, taking mostly long positions, primarily in emerging markets.
Democrat Grayson's double-digit victory over Republican Todd Long last Tuesday sends him back to the U.S. House representing Florida's newly created 9th congressional district. He had previously served one term (representing the 8th district) before losing in 2010 to Dan Webster. Webster also returns to Congress, representing what is now Florida's 10th district.
During his first stint in Washington, Grayson—a Bronx, N.Y., native with degrees from Harvard Law School and Harvard School of Government—served on the Financial Services Committee, as well as the Subcommittees on Capital Markets and on Oversight and Investigations.
He returns to D.C. with an ambitious agenda—Grayson told the Huffington Post he thought President Obama had been “too modest” in his goals for a second term, saying his own wish list for the next four years included full employment, progressive taxation, universal (and not just affordable) health care and peace.
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 ...