Monday, 20 October 2014
Last updated 2 days ago
Aug 6 2013 | 10:16am ET
Senrigan Capital Group's free-falling assets have bounced back a bit, thanks to its first inflow since the first quarter.
The Hong Kong-based hedge fund received $13 million from an existing investor, an unidentified U.S. institution, Bloomberg News reports. That investor was already one of Senrigan's largest investors.
The vote of confidence comes in spite of continuing difficulties for the Asia-focused event-driven fund, led by former Citadel Investment Group trader Nick Taylor. The firm's Master Fund is down 14% this year, entirely due to losses suffered on the failure of Sichuan Hanlong Group's takeover bid for Sundance Resources. Without that deal's collapse, Senrigan would have returned 5% in the first half.
"Some investors indicated earlier this year that they would add to the fund if they saw positive developments," Suzi-Kay Jacoel, Senrigan's investor-relations officer, told Bloomberg.
The new investment pushed Senrigan's assets under management over US$280 million, down from US$500 million near the end of last year and US$1 billion in 2011.
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 ...