Tuesday, 21 October 2014
Last updated 56 sec ago
Sep 13 2007 | 11:39am ET
Traditional asset management giant Eaton Vance is currently marketing a not-so-traditional global macro strategy to institutional investors. But don’t call it a hedge fund.
“It’s not a hedge fund structure or vehicle, but we can be long and short, we can have commodities and we can short currencies,” said Lisa Jones, head of institutional marketing. “It has everything that a global macro strategy as far as an investment thesis, but the structure of the product is not a hedge fund. It’s either in a mutual fund structure, institutional separate account or as a commingled fund.”
Eaton’s global macro strategy, which has an extensive record dating back to 1990, has returned 8.35% on an annualized basis for the last 10 years, according to Jones. The strategy currently manages some $700 million in retail assets and the firm is looking to bring it into the institutional marketplace by first adding it to databases and spreading the word to consultants about it.
Boston-based Eaton Vance currently manages some $153 billion in total assets.
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 ...