Alternative Asset Management
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Economic Forecast: Expect Volatility, Above Trend Growth
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Global growth is expected to be strong -- "above trend," is the exact language -- while in the U.S. "favorable financial conditions and stimulative fiscal policy should support economic momentum."That's the assessment from J.P. Morgan's Global Fixed Income, Currency & Commodities Investment Quarterly meeting. The report earlier this month raised the "Above Trend Growth" scenario by 5 percentage points to 75% for the current quarter and possibly ...
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When Gold Rush Fever Subsides, Investors Put Pressure on Fees
Read the rest of this entry »The headline on Bloomberg.com said "Bitcoin Isn't an Investment Until Buyers Sweat the Fees." But what it was mostly about was the pressure investors have been putting on hedge funds ever since they were easily able to compare the performance of these fee-heavy funds against the overall stock market and low cost index funds.
Nir Kaissar, a Bloomberg Gadfly columnist, makes the case that until investors gained access ...
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Hedge Fund Startups Bypassing Mid-Level Professionals
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Mid-career financial professionals considering making a change in the competitive world of asset management should set their sights on established funds. Start-ups don't want you. Not at that stage."The newer the hedge fund firm," says efinancialcareers. "The less likely it will be looking to hire mid-career-stage professionals, as typically the co-founders bring over senior-ranking former colleagues and then prioritize junior hires."
New funds bring in senior-level people who ...
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Hedge Funds Looking for Data Scientists, IT Pros
Read the rest of this entry »Fintech firms have been snapping up developers with financial savvy for years. Now with investor interest hot into quant funds, Wall Street is eagerly looking for programmers and other STEM professionals.
“On the quant side, hedge funds are looking for advanced degrees in applied math, statistics, physics or engineering, programming skills and modeling skills,” says Steven Gold, a partner here at Green Key Resources. He was interviewed by efinancialcareers.com ...
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SEC Is Looking For Ways to Make IPOs More Attractive
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1996 was a banner year for IPOs. That year, 690 companies went public, a record second only to 1969 which saw 780 initial public offerings, according to data from the University of Florida.Last year, 237 companies went public, 160 of them with a market cap of over $50 million.
What happened? There's no shortage of explanations: Corporate executives and their spokespeople say it is due to over-regulation of ...
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Alternative Asset Outlook: '2018 Challenging for Many IM Firms'
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2018 is the year the alternative asset sector may well go all-in for artificial intelligence and machine learning. That's likely to be one of the hottest trends for the industry, says Deloitte's 2018 Investment Management Outlook."70 percent of new hedge fund launches globally in 2018 will likely include investment processes that are supported by computer models, including AI and machine learning algorithms," says the report.
Existing funds ...
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Asset Managers Fear There's a Stock Market Bubble
Read the rest of this entry »Since the end of the Great Recession, the stock market has been on a gallop. Just this year, the Dow Jones opened at 19,926, pushed through 20,000 before the end of the month and went on to rocket up to over 24,100 this week.
Index funds have ridden along with the market, posting double-digit gains. Meanwhile, hedge funds have struggled just to stay in positive territory.
Is ...
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Why Hedge Fund Managers Need to be More Like Amazon
Read the rest of this entry »What do hedge fund managers have in common with the mega-retailer Amazon? Too little, says Peter Hans, co-founder and CEO of the investment marketing and content delivery firm Harvest.
Writing in FinAlternatives, Hans says, "Amazon has succeeded by prioritizing the needs of the customer." However, too many alternatives managers-- a majority, he maintains -- have been so hesitant to change how they do business that they "have become at risk of ...
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Top Money Manager Says Bitcoin May Hit $10,000
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Bitcoin, the cryptocurrency that's seen its price rise like a rocket since May, could top $10,000 next year. Former hedge fund manager Michael Novogratz who's been investing in Bitcoin for months, told CNBC this week, "I can hear the herd coming." "It's a bubble," he agreed, adding, "It's going to be one the great manias of all time."
That doesn't mean cryptocurrencies and the ...
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Digital Skills Increasingly Important to Fund Managers
Read the rest of this entry »The growing acceptance of quantitative investment strategies has been raising fears that data scientists and quants will eventually supplant the human in alternative asset management with algorithms and machine learning.
Not likely, said a group of recruiters and financial managers at a recent employment event in New York City. Instead, technology will support human decision-making, though the type of professional hedge funds will seek for those roles is already changing ...
