Wednesday, 20 August 2014
Last updated 2 hours ago
Dec 14 2007 | 10:50am ET
Moscow-based hedge fund Red Star Asset Management enjoyed strong returns in November, and has told investors to expect the good news to continue in the new year.
The US$50 million firm, which invests on its home turf, said in a note to investors that its flagship Double Alpha returned 3% last month, Reuters reports. The fund is up 15% year-to-date, unimpressive compared to other Russia-focused hedge funds. But Red Star told investors it sees “significant long/short opportunities” next year.
“We anticipate solid fund performance well into the year ahead,” the note says, adding that the firm is “selectively optimistic on the long side through year-end and well into the first quarter of 2008.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note