Wednesday, 1 October 2014
Last updated 13 hours ago
Nov 12 2013 | 10:47am ET
Rhodium Capital, a $30 million hedge fund start-up launched by Bank of America alumnus Iftikhar Ali, is putting its faith in corporate bonds.
Ali, who launched the fund with CEO Jeffrey Tirman and serves as chief investment officer himself, told Reuters he expected November and December to be calmer months for bonds, after yields were pushed up (and prices down) by recent political events in the U.S., including questions surrounding the Fed's bond-buying stimulus program and the battle over the debt-ceiling.
"The stormy summer market caused a correction but now the big scares are out of the way so we see further spread compression from here," Ali, who has produced an average annual return of 16% since 2005, told Reuters.
Ali believes the government may not begin cutting back on its bond purchases for some time to come:
"We need consecutive quarters of robust data and recovery so far has been very delicate. Yellen doesn't want to come in and immediately cause instability. I think it will be pushed back even further," he told Reuters.
Rhodium, which can be up to 50% net long or 50% net short, has started out net long, toward the high-end of its range.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...