Tuesday, 21 October 2014
Last updated 4 hours ago
Mar 17 2009 | 3:22am ET
More changes are afoot at RAB Capital, as the hedge fund has replaced the managers of what little is left of its U.K. fund.
Mark Darell-Brown and Steve Thompson, who managed the fund to a 31% decline last year, will leave the London-based firm, the Financial Times reports. In their stead will step Simon Acton and Alex Condrington, the managers of RAB’s Europe Fund.
There’s not much managing left to do at Darell-Brown and Thompson’s former fund: RAB’s U.K. fund, which managed more than US$400 million just two years ago, now has less than US$5 million in assets after almost all investors pulled their money.
The departures at the U.K. fund follow co-founder Philip Richards’ decision last year to step down as CEO to focus on managing the firm’s flagships, both of which lost in excess of 60% last year.
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 ...