Friday, 24 October 2014
Last updated 16 hours ago
Mar 14 2013 | 1:22pm ET
Magnetar Capital has raised $370 million for a mortgage hedge fund.
The Evanston, Ill.-based hedge fund disclosed the figure in a Securities and Exchange Commission filing last year. Magnetar launched the Mortgage Securities Fund last year; the vehicle invests in mortgage-backed bonds.
Magnetar, which manages about $9 billion, is one of the larger and more prominent investors in collateralized debt obligations. The firm has never been accused of wrongdoing, but banks involved in its CDOs have been fined hundreds of millions of dollars.
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 ...