Tuesday, 21 October 2014
Last updated 7 min ago
May 5 2008 | 2:00am ET
A new London hedge fund firm is preparing its first offering in an effort to capitalize on current market volatility.
AlphaTran Capital said it will launch a long/short equity fund with US$50 million in seed capital from Thames River Capital. The fund, targeting 20% annual returns, will focus on large-cap stocks, with the ability to move between 40% net short and 40% net long, Reuters reports.
“Current market volatility has created a lot of investment opportunities for funds such as AlphaTran and is an ideal environment for stockpickers,” firm co-founder Damien Tran, formerly a partner at activist hedge fund shop The Children’s Investment Fund, said.
Tran’s partners are Christophe Beauvilain, formerly of Phylon, and Christophe Puyo, a veteran of Société Générale Asset Management.
The new fund will reportedly boast a US$3 billion capacity.
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 ...