Saturday, 25 October 2014
Last updated 23 hours ago
Feb 7 2008 | 3:19am ET
British hedge fund SRM Global, headed by a former star trader for UBS, has declined by almost half in the past three months, investors say.
The once US$3 billion fund ended last year down 28%, with most of the losses coming in November and December, the Financial Times reports. Last month, it fell a further 23%, after having been down by 30% at one point.
The fund, managed by Jon Wood, boasts a “high conviction” portfolio, with a small number of very large positions. It also boasts long lockup provisions, meaning that it is in no danger of facing redemptions from angry investors for more than a 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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.