British-Based Hedge Fund Down By Half In January

Feb 28 2008 | 9:05am ET

A London hedge fund is down by more than 50%. In January.

Richmond Capital, which managed €350 (US$524 million) before last month, was battered during the first month of the year, one of the worst in the history of the hedge fund industry, with the average fund falling by about 2%.

The Wall Street Journal first reported the disaster at Richmond, founded three years ago by Egerton Capital veteran Luca Bechis.

The concentrated long/short fund was flat last year after posting double-digit gains in its first two years.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...