Tuesday, 30 September 2014
Last updated 2 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.
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...