Wednesday, 22 October 2014
Last updated 13 hours ago
Aug 11 2014 | 5:13am ET
Months after unloading its holdings of agency mortgage bonds, 400 Capital Management is jumping back in, taking advantage of a recent sell-off.
400 chief investment officer Chris Hentemann said the firm began buying Fannie Mae and Freddie Mac’s new risk-sharing bonds last week. The move came after the bonds dropped about 10% over the past three months.
“We’re dipping our toes back in,” Hentemann told The Wall Street Journal. “It was a pretty significant move, and leaves pricing more closely aligned with the credit risk we are buying.”
400 had been buying such bonds since the middle of last year. But it took advantage of the nearly year-long rally to sell its entire holding earlier this year.
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 ...