Wednesday, 26 November 2014
Last updated 9 hours ago
Aug 28 2009 | 9:20am ET
Combative activist hedge fund The Children’s Investment Fund is showing an unusual side of itself: its humble side.
The London-based hedge fund, which suffered huge losses last year and has continued to lose ground this year despite the hedge fund rally, is offering investors an olive branch, changing its highly restrictive redemption policy. TCI has told its clients that they can get up to 20% of their money back now, The Wall Street Journal reports.
What’s more, the firm has created a new share class that will offer quarterly withdrawals. Investors can move to the new share class after their lockups—some as long as five years—expire, according to the Journal.
TCI lost 43% last year and is down 3% this year. The losses have cost the firm nearly half of its assets: TCI, which once managed US$15 billion, now has just US$8 billion.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...