Tuesday, 21 October 2014
Last updated 8 hours ago
Jul 7 2008 | 8:00am ET
Endeavour Capital, buffeted by huge losses and redemption requests, is launching a new fund with a little help from its friend.
The London-based firm’s new offering is backed by Barlcays. Barclays Capital, which will get a share of the fund’s performance fees, will finance the fund, according to the Wall Street Journal, while Barclays Global Investors may offer it capital introductions.
Endeavour’s US$1 billion flagship has lost 40% this year on bad bets on Japanese government bonds. In March, the firm lost 27% in a single day on so-called “box trades,” forcing it to slash leverage, which was once as high as 17-times.
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 ...