Thursday, 30 October 2014
Last updated 1 hour ago
Oct 13 2008 | 1:30pm ET
Gartmore has scrapped plans for its European Absolute Return Fund, a long/short hedge fund, because of the U.K. short-selling ban and continuing market volatility.
The fund, which was slated for on Oct. 31 launch, was supposed to use a similar strategy to Gartmore’s flagship European equity long/short hedge fund, the AlphaGen Capella Fund, and take long and short positions in equities and derivatives.
Richard Pursglove, head of U.K. retail at Gartmore, said the decision to postpone the fund was made solely in the interest of our investors," Reuters reports.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.