Thursday, 23 October 2014
Last updated 12 hours ago
Jan 11 2013 | 1:20pm ET
Investors are fleeing Clive Capital after the commodities hedge fund suffered its second-straight losing year.
Redemptions and poor performance cut Clive's assets under management by 46% last year, Bloomberg News reports. The fund currently manages just US$1.95 billion, down from US$3.6 billion at the end of 2011.
Clive, founded in 2008, lost 8.8% last year. It fell 11% in 2011.
Most of Clive's asset drop occurred in the third quarter. It entered October with US$2.9 billion.
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…
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 ...