Posts tagged with 'hedgefund'
Silver Lining For Hedge Funds In Market ChaosRead 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 …
Hedge Fund Startups Bypassing Mid-Level ProfessionalsRead the rest of this entry »
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 …
The Decline of a Retail Icon and Its Hedge Fund OwnerThe 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.Read the rest of this entry »
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 WasteThe "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.Read the rest of this entry »
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 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. Joining a growing trend among investors, …
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 coincidentally, …
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 took home more …
One View of the Future of Alternative Asset ManagementAlternative assets -- hedge funds among them -- are like golf? If you're wondering just how that might be, Guy Hands, chairman of Terra Firma, one of Europe's largest private equity firms, described it for Bloomberg News. The comparison should give pause to managers, investors and everyone involved in the rarefied world of alternative investments. But, says Hands, alternative asset management is evolving. He shares his views for the investment …Read the rest of this entry »
Former Goldman Bankers Launch Shadow Banking Hedge FundRead the rest of this entry »
Two former Goldman Sachs executives are planning to launch a new hedge fund to take advantage of the departure of banks from traditional commercial lending. Jonathan Egol and Robert Allard will form Firebreak Capital as a dedicated private debt hedge fund providing private credit, asset-backed and structured finance solutions as well as technology to improve transparency and efficiency in its private debt strategy. The need for a fund providing commercial …
Hedge Funds Gain As CTAs Turn NegativePreqin's April Hedge Fund Performance Benchmarks report shows All Strategy Funds have a better return so far this year than other funds tracked by the alternative assets data and research firm.Read the rest of this entry »
These single manager funds booked 4.23% since the beginning of the year. For the 12 months, the return was 7.2%.
CTA funds , which booked 12% for the 12 months, turned negative 1.65% in April, after booking .64 the …