Thursday, 23 October 2014
Last updated 13 hours ago
May 2 2014 | 12:20pm ET
Oil hedge fund Frere Hall Capital Management’s revenues almost doubled last year—even as its performance left much to be desired.
The London-based firm, founded in 2012 by former Goldman Sachs European oil-trading chief Taimur Hassan, was down about 20% through October. But the firm’s profits still rose 59% to £3.5 million as revenues surged from £3.1 million to £6 million.
Frere Hall was one of the largest European hedge fund launches of 2012, debuting with US$165 million. In September, it had US$650 million in 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…
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 ...