Wednesday, 17 September 2014
Last updated 1 hour ago
Apr 23 2008 | 2:00am ET
Horizon Asset Management’s hedge funds have suffered significant reverses in the early going of 2008.
The firm’s $70 million Croupier Fund plummeted 41.1% in the first quarter, nearly wiping out last year’s 45.2% return, the fund told investors in a note.
Two other Horizon hedge funds, Polestar and Protostar, are also in the red year-to-date.
Just one of Horizon’s five hedge funds, which manage a total of $500 million, is in positive ground this year, with its Credit Opportunities Fund up 2.35% in the first quarter.
Horizon told Reuters that, despite the poor performance, it is not facing a major run on assets.
All told, the first quarter was bad for Horizon’s whole money management division, which saw its assets fall by a fifth to $18 billion in the first quarter.
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…
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