Tuesday, 21 October 2014
Last updated 10 hours ago
Apr 16 2009 | 1:22am ET
Another Asia-focused hedge fund has bit the dust. London-based Stratton Street Capital has closed its Dejima Fund, which had seen almost 99% of its assets disappear due to poor performance and investor redemptions.
Stratton Street shuttered the fund at the end of February, Dow Jones Newswires reports. The firm, which focuses on investments in Asia, transferred the fund’s remaining assets—it had fallen to just US$1.1 million from a peak of about US$90 million—to another of its funds, the Japan Synthetic Warrant Fund.
“Assets in the fund became relatively too small to make it commercially viable,” Stratton Street managing partner Andrew Main told Dow Jones. “As you can imagine, geared long Japan over the last few years wasn’t necessarily the best place to be invested.”
Dejima, which launched in 1998, invested in options on Japanese convertible bonds.
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 ...