Green Key Blog

News for the way you work

Younger Hedge Funds On Decline Despite Outperforming Their Elders

April 10th, 2014

Hedge Fund performance evstments 2003-2013Young, small hedge funds outperformed their elders over the last 11 years, says data provider eVestment.

Indexing funds into three groups — up to two years, 2-5 years, and older funds — eVestment found the younger funds outperformed the other two groups in each study year. Read the rest of this entry »

Alternative Asset Fundraisers: An Emerging Niche

March 15th, 2014

Sasha JensenThere’s nothing new about niche recruiting. Most search firms and independent recruiters specialize in certain industries and fields. A cluster of firms n the West and Plains states specialize in placing petroleum engineers and oil field workers. Silicon Valley has multiple firms dedicated to the tech industry.

Green Key Resources, too, has specialist recruiters in several areas, including pharmaceutical, human resources, healthcare, IT, accounting and finance, financial services, legal and alternative asset management, and, of course, temp placements. Read the rest of this entry »

If You Put SOX On Your Feet, You Need This

February 25th, 2014

book-of-jargon-largeIn collaboration with Latham & Watkins, the Managed Funds Association, trade group for the hedge fund and alternative assets industry, is out with a new hedge fund glossary. The MFA is offering the law firm’s Book of Jargon – Hedge Funds on its website. With some 900 terms, the glossary is a complete set of key terms, phrases, and definitions specific to all aspects of the global hedge fund industry.  The Book of Jargon – Hedge Funds is also available as a free app that allows users to access the information on Apple’s iPhone and iPad devices.

Hedge Fund Assets to Top $3 Trillion By Year End

February 21st, 2014

Hedge funds badly underperformed the broader markets last year — and aren’t expected to do much better this year — but investors are undaunted. They’re expected to add another $171 billion.

With this year’s estimated $193 billion in earning, hedge fund assets should top $3 trillion by year end, says Deutsche Bank, which this week released its 12th annual Alternative Investor Survey.

“The hedge fund industry is predicted to reach a record $3 trillion by 2014 year-end, driven by significant inflows, most notably from institutional investors,” said Barry Bausano, co-head of Global Prime Finance at Deutsche Bank. Read the rest of this entry »

Virtual Currencies Attracting Interest From Fund Managers

January 7th, 2014

bitcoinBitcoin, the leading virtual currency that may be best known for its use by the online drug black market site SilkRoad, is garnering at least a veneer of respectability. Every day more businesses are deciding to accept bitcoins in payment for products and services. While most are small, niche e-commerce sites, bigger and more established business, including coffee shops in Silicon Valley and the Jeep dealership in Overland Park, Kan. are opting to allow customers to pay with bitcoins. Read the rest of this entry »

Hedge Funds Slowly Moving To Automate Client Services

December 1st, 2013

In a world where buy and sell orders can be executed in milliseconds and billions of dollars can be moved around the globe in less time than it takes to read this article, one type of transaction remains true to the world of pen and ink. Prospective investors in hedge funds almost universally must complete printed application forms that often can be 50 or more pages.

And that’s only part of it. Hard copies of bank statements, investment reports, tax returns, passports, and more had to be submitted with the application. All this, then, is reviewed by fund administrators and manually entered into the fund’s electronic system before a dime can be transferred. Read the rest of this entry »

7 Tips For Getting Financial Professionals to Speak In Plain English

October 18th, 2013

Financial professionals may be wizards at analyzing complex transactions, but explaining them in words plain enough for the rest of us to understand is a rare skill. Whether bankers, accountants or asset managers, too many insist on taking the long road to get to the point. It’s almost as if they believe the more words they use, the more impressive the analysis. Nothing could be further from the truth, says Susan Weiner, a chartered financial analyst and author of Financial Blogging: How to Write Powerful Posts That Attract Clients. She offers seven tips for improving the writing of financial professionals, beginning with examples from the most revered of investors, Warren Buffet. His “plainspoken style instills trust in investors,” she says, suggesting that writers read their “clunky sections” out loud. And while they’re at it, trim down too long sentences and too wordy paragraphs.

Hedge Fund Allocators Should Consider A Portfolio Fit Strategy

October 6th, 2013

“An investment approach that combines rigorous risk management with a stock selection process can be a valuable addition to a hedge fund portfolio,” writes Dr. Vinay Nair, managing partner and CEO of Ada Investment.

He says a “Portfolio Fit Strategy” is emerging as an attractive approach to market seasonality.

“Much like the global weather patterns, our financial markets are prone to unpredictable bouts of various seasons – now more than in past cyclical upturns. So, even as there may be an ideal strategy for each season, there is another increasingly important question – what season should the hedge fund allocator design their portfolio for? Read the rest of this entry »

Cloud Deployment Models for Investment Managers

September 20th, 2013

Like so many other companies, financial services firms are embracing the Internet cloud for its convenience, versatility and, not just coincidentally, its ability to provide quick recovery in the event of a disaster. When Superstorm Sandy struck New York and New Jersey, financial firms that had backed up their digital data to the cloud were able to resume business as soon as workers had their own Internet access restored. A survey of investment managers, hedge funds and others by Eze Castle Integration probed the whys and benefits of using the cloud. These findings will be detailed in a webinar for fund managers on Sept. 24th at 11 a.m. eastern. 

Private Equity Funds Could Be On the Hook For Pension Shortfalls

September 4th, 2013

1st circuit fed logoPrivate equity investment funds can be held liable for the unfunded pension liabilities of their portfolio companies under a decision by a federal appeals court in Boston.

Ruling that equity funds are engaged in a “trade or business” under the Employee Retirement Income Security Act (ERISA), the court overturned a district court decision to the contrary. Read the rest of this entry »