Hedge Funds and CTAs

The hedge fund industry employs an estimated 300,000 people worldwide, according to the calculations of the Alternative Investment Management Association (AIMA).

Not surprisingly, the bulk of those hedge fund jobs—240,000—is in North America; 50,000 are in Europe; and 10,000 in Asia-Pacific.

Fortress Investment Group expects to have raised more than $5 billion by the end of this year, its CEO said yesterday.

Another major hedge fund index shows that hedge funds rose last month, rather than fell, as some early benchmarks indicated.

Citadel Investment Group has added a former JPMorgan Chase coal trader to its energy trading team.

Funds of hedge funds grew over the past six months—but it’s not exactly cause for celebration.

Religare Enterprises is moving forward with its plans to build a family of boutique asset management firms following its purchase of a second U.S. private equity firm.

NewOak Capital has added a lawyer with hedge fund experience as its new general counsel.

Hedge funds lost some ground last month, dragged down by several strategies that took it on the chin in November, according to Dow Jones Indexes and Credit Suisse.

Buoyed by the success of its first residential mortgage-backed securities fund of hedge funds, Gorelick Brothers Capital has launched a sequel.

Mark D’Andrea will join Highbridge Capital Management, an alternative investment management firm that runs about $27 billion, on January 3.