Tuesday, 30 September 2014
Last updated 6 hours ago
Feb 11 2010 | 2:51pm ET
With debate raging over proposed European Union hedge fund regulation, two of the continent’s biggest hedge funds have joined its most prominent self-regulatory organization.
BlueCrest Capital Management and Winton Capital Management have agreed to abide by the Hedge Fund Standards Board’s voluntary code of conduct. The two firms, both based in London, have also joined the HFSB’s Founders’ Council, which advises its board of directors.
That board of directors is also more robust, with the addition to two major hedge fund investors, New Holland Capital and Future Fund Australia.
“These developments mark a significant step up in the international support for the standards from both investors and managers,” HSFB Chairman Antonio Borges said.
The HFSB was set up two years ago to codify best practices on disclosure, governance, risk and shareholder conduct. The group now counts firms that manage some 60% of the European hedge fund industry’s $350 billion in assets as members.
BlueCrest and Winton are both high-profile “black box” firms that use quantitative trend-following systems to invest in global futures. The former has $18 billion in assets, and the latter $12 billion.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...