Monday, 20 October 2014
Last updated 8 hours ago
Jan 14 2013 | 2:03am ET
Late last year, Salida Capital was forced to deny that it was on the brink of collapse. After a second straight awful year, the Toronto-based firm may again hear those whispers.
The firm's Strategic Growth Fund lost more than half of its money for the second year in a row. Last year, the fund lost 53.02%, slightly better than the 53.39% loss suffered in 2011, the National Post reports.
By contrast, Salida's Wealth Preservation Fund's performance doesn't look at all bad, although it is hardly preserving clients' wealth. The fund lost 12.23% last year after dropping 14.41% in 2011, and now has the unenviable distinction of having lost money since its inception. Despite Strategic Growth's calamitous two years, it still boasts an annualized return of 2.74% since inception.
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 ...