Dollar's weakness may last for decade, bond fund manager says
Summary from United States, from articles in English
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According to data obtained by The Post, the fund's flagship fund Contrarian Capital, in the fourth quarter of 2007, shrank to around $4.2 billion from about $4.9 billion as a result of redemptions. (article 2)
The $355 million Merk Hard Currency Fund holds no assets pegged to the dollar, which declined to a record low in April as the Federal Reserve cut interest rates to prevent subprime-related losses from stalling the economy. (article 4)
That helped Merk's fund climb 11 percent in the past three years, the most of 45 rivals tracked by Morningstar in Chicago. (article 4)
The Merk fund, which opened in May 2005, has a three-year Sharpe ratio of 1.14, compared with the 0.03 Sharpe ratio for competing funds, according to data tracked by Morningstar. (article 4)
Barclays has stepped in to help Endeavour Capital, the London hedge fund hammered by wild swings in Japanese government bonds in March, agreeing in principle to help it market a new computerised hedge fund, writes James Mackintosh. (article 3)
Barclays Global Investors, the fund management arm of the bank, has signed a letter of intent to support the new fund with introductions to possible investors, in return for some access to the trading algorithms. (article 3)
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Event tracking:
Story keywords
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fund, Merk, Miller, hedge, Contrarian |
Source articles
- Is Bill Miller Toast? (Washington Post, 07/04/2008, 640 words)
- HEDGE FUND'S ASSETS DOWN $1B (NY Post, 07/06/2008, 274 words)
- Barclays steps in to help ailing Endeavour (ft.com, 07/04/2008, 325 words)
- Dollar's weakness may last for decade, bond fund manager says (seattletimes.nwsource.com, 07/06/2008, 422 words)
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