Sunday, 24 May 2015
Last updated 1 day ago
Aug 7 2013 | 1:00pm ET
Winton Capital Management, which spends about US$30 million per year on research, has re-engineered one of its quantitative hedge funds to increase risk and—hopefully—returns.
The US$24 billion firm has overhauled its smaller Evolution Fund, which manages US$40 million, Reuters reports. The fund focuses on Winton's best ideas, and will now do so with a far higher allocation to stocks. Evolution now invests 40% of its risk in equities, compared to 20% for Futures, and 60% in futures trading. Evolution also targets higher volatility than the larger fund, 12% as opposed to 10%.
"The allocation to cash equities is closer to what we believe the optimum is," Matthew Beddall, chief investment officer, told Reuters. "If it does better than the fund fund, then I image money will move" between the two.
Year-to-date, Evolution has returned 7.34%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…