Tuesday, 21 October 2014
Last updated 3 hours ago
Jan 19 2006 | 7:41pm ET
Denver-based mutual fund firm Janus Capital Group is revving up to launch its first hedge fund-like product at the end of March. The fund will go long and short like a hedge fund, but it will be marketed to retail investors, not targeted at the uber-wealthy.
According to a Securities and Exchange Commission filing, the Janus Adviser Long/Short Fund, which will have a minimum investment of $10,000, will be managed by Matthew Ankrum and David Decker, who have been with Janus since 1996 and 1992, respectively.
“There are certain advantages to investing in this type of product, such as the liquidity, the transparency and the lower minimums,” said Shelly Peterson, a spokeswoman for the firm. “The expenses on this fund are also less than most traditional hedge funds.”
Peterson, citing regulatory requirements, declined to give specific information about the managers’ experience shorting stocks, which they plan to do for the new fund. “At this point in time, we are selling this fund through our intermediaries,” said Peterson, adding, “we would not launch a product if we did not have extreme confidence in our ability to deliver for shareholders.”
In the filing, Janus said that by utilizing both long and short positions in securities markets, the fund aims to generate positive returns no matter which way the markets are going.
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 ...