Tuesday, 21 October 2014
Last updated 43 min ago
Apr 3 2008 | 7:40am ET
Russell Investments is shuttering a pair of funds of hedge funds battered by poor returns and an avalanche of investor redemptions.
Russell, which also runs its famed eponymous indices, had already restricted investor withdrawals in its Alternative Strategies Fund and Alternatives Strategies Fund 2.
All told, the firm’s fund of funds unit has seen two-thirds of its assets evaporate in the past six months, and is left with just US$2 billion in assets under management.
The firm’s third main fund of hedge funds is not being shuttered.
Russell has set redemption dates on which investors will be able to receive their money back in parts.
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 ...