Monday, 20 October 2014
Last updated 4 hours ago
Jul 1 2008 | 9:54am ET
Peloton Partners has taken another step towards extinction, delisting the shares of its multi-strategy fund from the Irish Stock Exchange.
The London hedge fund manager, which decided to close earlier this year after its once-US$2 billion ABS Fund was wiped out as its portfolio of mortgage-backed securities collapsed in value, informed the Dublin bourse that it would delist its shares as of this past Friday.
The firm is in the process of winding down its multi-strategy offering, where investors have been told to expect losses in excess of 50%. The firm must still sell some of its positions before returning the rest of its capital to clients, a process expected to take as much as two more months.
The firm must also still let go of its 10 remaining Financial Services Authority-registered staff—it has already said goodbye to 33 such employees—before deregistered with the FSA itself, winding up its balance sheet and deregistering as a company.
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 ...