Saturday, 30 August 2014
Last updated 1 day ago
Feb 11 2008 | 1:00am ET
U.K.-based Polar Capital has pulled the plug on its technology hedge fund, citing poor performance. Last year, the Technology Absolute Return fund fell by approximately 27%, and is currently valued at around US$30 million.
According to the firm, the fund has experienced “a period of disappointing performance both relative and absolute,” and at its present value a significant proportion of its assets are allocated to just running it.
“In addition, the fund's principal investor, who owns approximately 60% of the participating shares in the fund, has recently made it known that it wishes to exit its position. As a result of these events and on the advice of the manager that the Fund’s position is unlikely to improve within the next 12 months, the directors have concluded that the fund is no longer viable and should be wound up and closed in an orderly fashion.”
As the end of November 2007, Polar Capital manages over $3.6 billion in long only and long/short strategies.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...