Friday, 24 October 2014
Last updated 13 hours ago
Oct 8 2013 | 12:52pm ET
Winton Capital Management has bounced back from its worst month in five years.
The quantitative hedge fund rose 3.46% last month, The New York Times reports. The US$24 billion firm benefited from the U.S. Federal Reserve's decision not to begin cutting back on its bond-buying stimulus program, as well as from short bets on gold and silver. Still, the news was not all good: Winton's gains took a hit towards the end of the month amidst investor worries about the budget standoff that has shut down the U.S. government.
Winton had lost 3.81% in August, its worst month since 2008. The firm suffered its second-ever down year in 2012.
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…
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