Alternative Asset Management
Traditional Funds Hurting From Trend Toward QuantsAs endowment funds go, the $100 million Michigan State University’s switched out of four long/short hedge funds was far from an all-in gamble. It's endowment is a hefty $2.35 billion. But after losing 4.3% last year and being down 2.4% in June, the school decided it was time to take action.Read the rest of this entry »
What is notable about the decision is where the school moved its money ...
Funds In Private Tech Growth Class See Capital InfluxTech-focused venture capital is growing fast in the U.S. -- from raising $11 billion in 2009 to $41 billion last year. Including private technology growth investors, the sector is on track to raise more than $50 billion this year.Read the rest of this entry »
A new report from SharesPost, an investment advisory service, says that coincidentally with the rise in funds, private tech companies have been growing their capital needs, raising more than $200 billion ...
It Doesn't Matter Who Wins, the Fed Is In ControlWhen it comes to the nation's financial policy it doesn't matter who wins the presidential election, Janet Yellen and her Federal Reserve Governors will be the center of attention.Read the rest of this entry »
Because of gridlock in Congress, Modern Trader magazine expects financial policy will be up to the Federal Reserve, just as it's been for the last several years.
In a scathing article that criticized the Fed's monetary policies ...
Hedge Fund Indices Post Seventh Consecutive Monthly GainsHedge funds posted a positive gain in September, their 7th consecutive month of gains.Read the rest of this entry »
Hedge Fund Research, which publishes a broad range of indices on the performance of various fund types, said its Global Hedge Fund Index gained 0.55% last month. It was a substantial improvement over August, when the Index gained a mere 0.16%.
That the HFRX Global Hedge Fund Index grew at all is the good ...
Hedge Funds Are Hiring Poker ProsIf you're applying for jobs in the high stakes world of alternative asset management, having "Professional Poker Player" on your resume would be a plus.Read the rest of this entry »
“In the past, poker was something that people left off their resume,” says Aaron Brown. Not so today, adds Brown, the head of risk management at AQR Capital, a global investment firm with almost $160 billion in assets under management. Brown, not at all ...
Hedge Fund Activisim May Actually Improve PerformanceActivist hedge funds have been pilloried for their focus on quick profits at the expense of the stocks -- and the companies -- they target.Read the rest of this entry »
Now comes a report offering evidence to the contrary. The research paper -- “Are Activist Investors Good or Bad for Business? Evidence from Capital Market Prices, Informed Traders, and Firm Fundamentals" -- presented at the conference of the American Accounting Association underway in New York City, says hedge fund ...
Technology's Disruption Of the Wealth Management Industry"Technology is driving the disruption and disintermediation of financial advice," says Mitchell H. Caplan, writing in Financial Planning.com.Read the rest of this entry »
The CEO of Jefferson National, Caplan joined executives from other wealth management firms and from an online investment advisory service at June's In|Vest conference to discuss financial technology and its impact on the industry.
He detailed four takeaways from the panel discussion:
- Financial advice is evolving: The internet has ...
Hedge Funds Post Worst Gains Since 2008Despite a poor start to the year, hedge funds have managed a positive, if not quite stellar, return for the second quarter of the year.Read the rest of this entry »
Research from Preqin showed a 2.15% gain for the just ended quarter. For the first half, the measure posted overall gains of 1.36%. The gains are the worst first half results for the hedge fund industry since 2008, Preqin said.
Amy Bensted, head ...
Sovereign Funds Becoming Players In Silicon ValleyWith venture capitalists adopting a less exuberant attitude toward funding, high-value startups are turning to sovereign wealth funds for capital.Read the rest of this entry »
Ride sharing company Uber caused a global stir last month when it got a $3.5 billion investment from Saudi Arabia’s Public Investment Fund. As staggering a sum as that it is, other sovereign funds have made similarly large investments. Last year, China’s Investment Corp. participated heavily in ...
The "Rich List's" Billion Dollar Hedge Fund ManagersFive hedge fund managers earned more than $1 billion each last year, according to Institutional Investor's Alpha's 15th annual Rich List.Read the rest of this entry »
Topping the list of the 25 best paid hedge fund managers are
Kenneth Griffin, founder of Citadel, and Renaissance Technologies' founder James Simons. Both were paid $1.7 billion.
Three others -- Bridgewater's Raymond Dalio, Appaloosa Management's David Tepper and Millennium Management's Israel Englander -- each ...