Wednesday, 22 October 2014
Last updated 13 hours ago
May 9 2013 | 8:43am ET
Cleveland-based Empiritrage’s new flagship Quantitative Value fund is doing what few hedge funds are doing these days: beating the S&P 500.
Since it launched in November with a $20.6 million investment from a New York-based fund of funds, the Empirical Quantitative Value Series II fund has returned 22.46%. Over the same five-month period, the S&P 500 has returned 14.43%.
EQV is based on the strategies developed by Wesley Gray, a University of Chicago Finance Ph.D. and an assistant professor of finance at Drexel University.
These strategies are implemented via a managed account platform and tax-managed. The funds are designed to outperform competitor systematic value systems while maintaining a high degree of tax efficiency. Empiritrage charges a 0.95% management fee and no performance fee.
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 ...