Thursday, 2 October 2014
Last updated 1 hour ago
Aug 6 2007 | 9:04am ET
With hedge funds almost across the board reporting big losses in July, thanks to the collapsing sub-prime market and declining equities, it should be no surprise that Goldman Sachs’ once-golden flagship hedge fund is awash in red-ink for the month.
The $10 billion fund—which could do no wrong during its first decade of existence—is in the midst of a now 18-month-long tailspin.
The fund reportedly lost 7.7% in the week ended July 27, bringing it’s year-to-date decline to 12.1%, more than twice its decline in 2006, it’s first-ever year in the red.
The fact that it has a lot of company will not likely cheer managers Mark Carhart and Raymond Iwanowski: It’s now down as much in 2007 alone as it was in the 16 months through April of this year.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...