Wednesday, 1 October 2014
Last updated 6 hours ago
Oct 20 2008 | 9:47am ET
Artradis Fund Management has become the latest hedge fund manager to announce plans for a vehicle to take advantage of the continuing economic turmoil.
The Singapore-based firm, one of the few Asia-focused hedge funds enjoying a strong 2008, is aiming to raise US$500 million for an Asian convertible bond fund, it said. Given investor skittishness, Artradis said it will not initially use leverage, and will keep assts in custodian accounts “to minimize counterparty risk.” The fund will seek out cheap convertible bonds throughout Asia, including Japan.
So far, Artradis, which manages US$4 billion in assets, has avoided the pitfalls suffered by many Asian hedge funds. While its peers have posted an average double-digit decline, according to indicides, Artradis’ flagship Barracuda fund is up about 12% on the year, while its more highly-levered equity arbitrage AB2 Fund has returned 21% through September.
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...