Tuesday, 21 October 2014
Last updated 5 min ago
Oct 8 2008 | 3:39am ET
Not all hedge funds were bloodied in September.
SPARX Group's hedge fund division PMA said its flagship foreign exchange and macro fund returned 1.82% last month, which was one of the worst ever on record for the hedge fund industry.
The PMA Harvester Fund is up 15.75% on the year.
“On the FX front, our hedging position delivered good returns, while our discretionary positions performed well,” Shun Hong Liu, chief investment officer of macro strategies, said. “On the rates front, our receive-fixed trades were rewarding.”
PMA, which is based in Hong Kong, manages some US$2.5 billion in assets.
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 ...