Thursday, 27 November 2014
Last updated 21 hours ago
Jul 8 2008 | 3:52am ET
U.K.-based Eddington Capital Management in May launched the Eddington Equity Opportunities Fund, an equity-related fund of funds.
The fund focuses on equity-related strategies and typically invests in eight to 12 managers across a number of asset classes, including cash equities; exchange-traded funds; single stock derivatives; equity index derivatives and equity-linked instruments. The fund incorporates a mix of long- and short-biased exposures and is diversified across region and market cap and employs no additional leverage beyond that used by the underlying managers.
Equity Opportunities returned 2.74% in its first month of trading. Its best performers included a directional index futures strategy, which profited from long exposure during the market upswings in the second and fourth weeks of the month, and a commodity-focused equity fund, which recovered sharply from losses in March and April, according to the firm.
“The only significant loser was our Asian manager, who suffered from both stock-specific issues and also the general malaise surrounding Greater China markets in the wake of the Sichuan earthquake, inflation concerns and more general worries about over-valuation,” it said.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...