Monday, 20 October 2014
Last updated 29 min ago
Jan 4 2013 | 1:23pm ET
For the second-straight year, Citadel Investment Group's flagship hedge funds have returned in excess of 20%.
The Kensington and Wellington funds, which managed a collective $7 billion, rose about 26% last year, Crain's Chicago Business reports. The funds returned 20.4% in 2011, allowing them to breach their high-water marks for the first time since they lost more than half their value in 2008.
The average hedge fund returned in the mid-single-digits last year.
Citadel's assets under management are up to $14 billion, from $11 billion at the beginning of the 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…
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 ...