Tuesday, 21 October 2014
Last updated 2 hours ago
Jan 30 2008 | 1:00am ET
U.K-based Reech AiM Group is expanding its product offerings to include hedge funds focused on the natural resources and credit markets, according to CEO Christophe Reech.
Reech said the firm has teams in place for the launches, and anticipates debuting the new funds sometime in the second or third quarter. The firm’s strategy “is to launch a series of scalable and uncorrelated funds,” Reech said. He declined to comment further, saying only that he has “no interest whatsoever in building funds that look like everyone else’s.”
Reech last year formed a partnership with real-estate conglomerate CB Richard Ellis to focus on developing real-estate hedge funds resulting in the launch of he Iceberg Alternative Real Estate Fund, which takes a quantitative approach to investing in listed securities, unlisted real estate vehicles and property derivatives. Since inception in May 2007, the fund has returned 24.51% to its investors, according to the firm.
The firm’s Equitech Relative Value Fund, a statistical arbitrage fund, which also began trading at the same time, “has outperformed consistently its peer group over the last seven months,” according to Reech.
Prior to founding his firm last year, Reech helped build and ran derivatives divisions at Nikko Europe, Commerz Financial Products (the former derivatives arm of Commerzbank) and Banque Paribas (now part of BNP Paribas).
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 ...