Sunday, 19 October 2014
Last updated 2 days ago
Jan 11 2013 | 1:21pm ET
Another energy hedge fund is closing its doors as its founder calls it quits.
Andrew Rowe said today that he's closing his SandRidge Capital and retiring. Most of the fund's US$320 million in assets will be returned by the end of the first quarter, Reuters reports.
Rowe said he planned to "sit back and hang out with my kids and play golf."
"Life is good," he said.
The Houston-based hedge fund returned 11% last year.
Rowe's exit comes after a difficult year for commodity hedge funds—although not his. Last year also saw the closure of several prominent energy and commodity funds, including SandRidge's fellow Texan Centaurus Capital, BlueGold Capital and Fortress Investment Group's commodity fund.
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 ...