Monday, 20 October 2014
Last updated 7 hours ago
Mar 5 2010 | 3:10pm ET
Swiss private bank Pictet & Cie. aims to double its assets under management over the next five years, and is looking to “brand”-name funds to help.
The Geneva-based firm, which last month hired hedge fund Jabre Capital Partners to manage a convertible-bond fund, hopes to increase Pictet Funds’ assets by 15% per year. That division, which currently has US$4 billion in funds of hedge funds and another US$1 billion in single-manager funds, currently manages about US$93 billion.
At least some of that new money is likely to find its way to some of the most prominent hedge fund managers out there, like Jabre, headed by former GLG Partners star trader Philippe Jabre.
“Some were burned, but if you look at those who survived and why, there’s still potential,” Pictet CEO Laurent Ramsey told Bloomberg News. “Now is a good time to invest in the brand names because they fared pretty well.”
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...