Tuesday, 29 July 2014
Last updated 8 hours ago
May 8 2008 | 10:09am ET
Don’t count Melissa Ko out just yet.
Ko’s $1.2 billion Emerging Markets Macro Fund, battered by double-digit losses in the first quarter, took—as did many of its hedge fund peers—a step forward last month, it told investors. The currency-heavy offering returned 8.9% in April, nearly overturning March’s 11% decline and leaving it down just 7.6% on the year. After March, it was down 15.2%.
The rough start was unfamiliar territory for Ko, once one of Bear Stearns’ top proprietary traders whose fund had returned more than 25% in each of the past two years.
Almost 90% of the fund’s assets were in currencies in March, according to Reuters. Less than 4% were in fixed-income products.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…