Friday, 25 July 2014
Last updated 9 min ago
May 23 2008 | 2:00am ET
The volatile equity market has claimed another hedge fund. London-based GATKO Partners is shuttering its equity long/short offering, the latest hedge fund to fold despite positive performance.
The US$68 million GATKO Global Opportunities Fund, which is up 0.42% year-to-date, will close at the end of May. The fund returned 7.85% last year and 8.59% in 2006.
The firm declined to comment on the fund closing.
The GATKO Global Opportunities Master Fund employed a macro driven thematic investment approach and its investment strategy is directional, though not long-biased, with conservative use of the balance sheet. Its average gross exposure since inception is 76%, with the average net exposure at 15%.
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…