Tuesday, 21 October 2014
Last updated 9 hours ago
Sep 26 2008 | 10:13am ET
New York- and London-based Gruss Asset Management has launched a leveraged version of its multi-strategy offering.
Gruss Global Investors (Enhanced) debuted in July with $248 million in assets. Though the fund, a levered version of the Gruss Global Investors Master Fund, has gotten off to a slow start, down 0.25% in its first two months of trading, it is performing relatively well. All of the strategies in the Eurekahedge Hedge Fund Index were in negative ground last month, while the index overall fell 1.4%, its third consecutive down month.
The co-portfolio managers for the fund are Sean Dany and Mark Smith.
The fund charges a 1.5% management fee and a 20% incentive fee with a $5 million minimum investment requirement. It also sports a one-year lockup.
In addition, the $2.2 billion firm also manages the Gruss Arbitrage Partners fund, an event-driven offering.
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 ...