Wednesday, 17 September 2014
Last updated 3 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.
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…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...