Friday, 24 October 2014
Last updated 10 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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.