Wednesday, 22 October 2014
Last updated 2 min ago
Oct 9 2013 | 10:28am ET
Lone Pine Capital is set to launch its first long/short hedge fund in more than a decade early next year.
The New York-based firm will roll out the Tamarack Fund in January, Institutional Investor reports. Tamarack will focus on more liquid stocks, trading only those names with average daily volume of $50 million or more. Lone Pine's Lone Kauri fund invests in stocks with at least $20 million in average daily volume.
Tamarack will invest in between 40 and 50 names at a time.
Lone Pine's existing Lone Cypress and Lone Kauri funds will have a roughly 80% overlap with Tamarack.
Tamarack is expected to debut with about $2 billion. It will be the $22 billion firm's first new fund since the launch of Lone Cascade, a long-only vehicle, in 2005, and its first long/short vehicle since Lone Kauri debuted in 2001.
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 ...