Tuesday, 21 October 2014
Last updated 9 hours ago
Feb 28 2013 | 10:57am ET
State Street Global Advisors has shuttered a Japan-focused fund of hedge funds.
The firm's SSARIS unit pulled the plug on the Multi-Manager Japan Equity Fund due to its low level of assets, thought to have been around US$10 million, Asian Investor reports. The fund's performance wasn't much to speak of, either: It lost 3.16% in the first six months of last year, leaving it down 1.83% since its inception eight years ago.
The fund was managed by SSARIS CEO Mark Rosenberg and Jim Tomeo, the unit's chief operating officer.
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 ...