Tuesday, 23 September 2014
Last updated 7 hours ago
Aug 14 2008 | 10:41am ET
Sextant Capital Management is enjoying a boffo year—possibly the best of any hedge fund firm in Canada.
The Toronto firm’s Sextant Strategies Opportunities-A fund is the best-performing hedge fund in Canada this year, according to the Globe and Mail. The fund has returned 80.4% this year, thanks almost entirely to an incredible 73.5% return last month.
“We had a few calls from people who wanted to make sure the number was right,” Sextant’s Otto Spork told the newspaper. “And it is.”
Spork said shorts on a variety of commodities, including oil, gold and silver, helped power July’s eye-popping gains. Sextant is also shorting the euro, but has since cut back on or eliminated all of those shorts.
“We are still very bullish on the commodities,” he told the paper.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.