Tuesday, 30 September 2014
Last updated 33 min ago
Apr 25 2008 | 11:57am ET
BlackRock’s foray into the world of listed fund of hedge funds products has been decidedly disappointing.
The firm’s BlackRock Absolute Return Strategies raised just US$275 million in its initial public offering on the London Stock Exchange. BlackRock had hoped to raise as much as US$500 million.
The listed fund gives investors access to the firm’s flagship fund of funds, the Appreciation Strategy, which it acquired from Quellos Group last year. Appreciation returned about 12% last year, and BlackRock boasts that it has never posted a negative calendar-year return since its inception 12 years ago.
BARS began conditional trading yesterday, with unconditional trading commencing on Tuesday. The fund was offered in dollar, euro and pound Sterling shares, with the latter being by far the most popular in the IPO, accounting for almost 70% of the shares purchased.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...