Wednesday, 27 August 2014
Last updated 1 hour ago
Feb 21 2008 | 12:50pm ET
January’s hedge fund misery was especially widespread: It even effected war-torn Iraq.
Like many of its hedge fund peers, Godvig Capital’s Babylon Fund started the new year on the wrong foot, dropping 4.2%.
The Iraq-focused hedge fund attributed the drawdown to volatility in global financial markets, as well as retreating energy companies.
“As Western and Mid-East financial markets were broadly trashed in January, also Babylon Fund was affected, but to a smaller extent, by the deteriorating markets conditions,” according to Björn Englund, portfolio manager, in an investor letter. “Both Western oil drilling and oil services companies weighed heavily on performance.”
On the economic-political perspective, Englund said Iraq's parliament is making headway in providing legislation for limited amnesty to detainees in Iraqi custody, a conservative budget for 2008 and a timetable for provincial elections. He was more pessimistic about U.S. Iraq policy, saying, “we foresee a long and slow, very condition-based, withdrawal process spiced with lots of regional diplomacy."
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 ...