Tuesday, 21 October 2014
Last updated 5 hours ago
Nov 4 2009 | 2:53am ET
Defeated and decapitated in Asia, activist hedge fund The Children’s Investment Fund is getting out of the region.
TCI has sold off most of its investments in Asia and is trying to drum up interest from other hedge funds in taking over what’s left of its portfolios there, Reuters reports.
The hedge fund shut its Hong Kong office in October, after losing its battle with Japan’s Electric Power Development Co., or J-Power. TCI sold of its stake in the company, Japan’s largest electric utility, that month, losing $130 million on its investments.
In April, John Ho, TCI’s top executive in Asia, resigned, one of three senior departures from the hedge fund this 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 ...