Tuesday, 21 October 2014
Last updated 5 hours ago
Nov 27 2012 | 3:29pm ET
Fortress Investment Group is proving impervious to the malaise besieging its fellow hedge funds this year.
The firm's flagship Macro Fund added another 1.46% last month to bring it to 12.75% this year, ValueWalk reports. The fund profited from long bets on Brazilian and Spanish interest rates, while losing ground on the Mexican peso.
The $51 billion firm told investors that it sees guidance for the fourth quarter as too high, failing as it does to account for the full damage a plunge over the fiscal cliff will cause; Fortress doesn't expect it to be resolved until the middle of next year. It also expects more quantitative easing next month.
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 ...