Thursday, 2 October 2014
Last updated 11 min ago
Oct 3 2008 | 2:00am ET
A former portfolio manager for Ensign Peak Advisors, the investment arm of the Church of Jesus Christ of Latter-Day Saints, has recently launched a long/short hedge fund to invest in U.S. stocks.
Jennifer Johnson, founder of Jersey City, N.J.-based Coraticum Asset Management, opened an eponymous hedge fund, which focuses on a diversified portfolio of equities securities.Johnson expects that the fund to hold more than 70 names with diverse market capitalizations, liquidity, styles and industry origins, according to fund documents.
In its first six months of trading, the nascent fund hasn’t fared much better than its peers, losing 4.31% through August. The Hennessee Hedge Fund Index is down 4.09% year-to-date, after dropping another 0.72% last month.
Prior to founding Coraticum, Johnson managed an equity portfolio at Ensign Peak.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...