Posts tagged with 'hedgefund'
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Alternatives Investors Plan to ‘Stay the Course’ This Year
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Despite market volatility and an uncertain economic outlook, investors are committed to their alternative asset programs, declares Preqin in its half year investment update.
The majority of investors in alternatives say they intend to stay the course this year, telling Preqin they are satisfied with the performance of their portfolio over the last year.
“Almost all investors intend to either maintain (60%) or increase (33%) allocations to private capital, …
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Investors Are Again Favoring Hedge Funds
Read the rest of this entry »After seeing investors move their money out of hedge funds for nine consecutive quarters, Bloomberg says better times for the industry are right around the corner.
The prediction comes from a Bloomberg Mandates survey of 50 institutional allocators with more than $500 billion in assets. Half of them said they have or plan to increase their investment in hedge funds.
Reporting on the results of the survey, Boomberg.com said, “The …
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The Allure of the Freelance Quant
Read the rest of this entry »Robert Carver, author and retired executive at quantitative hedge fund AHL, poses this seductive question to quants: “What if you could work for yourself, and still build hedge fund trading systems?”
Imagine developing a trading strategy and then selling it or licensing it to a fund for big dollars or a share of the profits. “For the quant,” writes Carver in an article for eFinancialCareers, “This is a pretty …
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Silver Lining For Hedge Funds In Market Chaos
Read the rest of this entry »As financial markets worldwide continue to slowly push up from their March collapse, hedge fund investors are experiencing less of a ride and in some cases are seeing strong positive returns.
Hedge funds overall are down an average of 4.6% for the year through late April, according to a Reuters report. That contrasts with the S&P 500 which was down 10% for the same period.
More than a few managers …
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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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The Decline of a Retail Icon and Its Hedge Fund Owner
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The last of the nation's historic retailers, the iconic Sears, declared in a securities filing last month that "substantial doubt" exists the company can survive.
Though the company cushioned that warning with a public statement that it was a "viable business" that can meet its obligations, the damage was done. The share price of Sears Holdings dropped more than a dollar on the day of the filing from its previous … -
Buffett Says Fund Fees Are a Waste
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The "Oracle of Omaha" is taking on the hedge fund industry, charging that fund managers have cost investors $100 billion or more over the last decade for results a fraction of what a low cost S&P fund has earned.
Warren Buffett gave over a section of his annual letter to Berkshire Hathaway shareholders to critique fund managers and the high fees they charge.
“When trillions of dollars are managed by … -
Traditional Funds Hurting From Trend Toward Quants
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As 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.
What is notable about the decision is where the school moved its money. Joining a growing trend among investors, … -
Hedge Funds Are Hiring Poker Pros
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If 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.
“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 coincidentally, … -
The "Rich List's" Billion Dollar Hedge Fund Managers
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Five hedge fund managers earned more than $1 billion each last year, according to Institutional Investor's Alpha's 15th annual Rich List.
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 took home more …
