Monday, 20 October 2014
Last updated 2 days ago
Apr 12 2010 | 7:37am ET
HSBC Global Asset Management is launching a UCITS III-compliant emerging markets hedge fund.
The firm will seed the new HSBC GIF GEM Equity Alpha Fund with US$20 million and hopes to raise US$100 million for it this year.
The fund, set to launch this month, is targeting annual returns of 10% to 15%; its portfolio will include an equal number of long and short names, roughly 35 each.
HSBC has entrusted the new fund to managers Omar Negyal and Nick Timberlake. Negyal joined the firm last year from Lansdowne Partners.
“The HSBC GIF GEM Equity Alpha Fund is a high-conviction long/short portfolio,” Negyal said. “The investment process is fundamentally-driven by a highly disciplined approach to stock picking, using combined profitability/valuation metrics for both long and short equity selection.”
The GIF GEM fund will charge 1.5% for management and 20% for performance above Libor. It has a minimum investment requirement of US$5,000.
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 ...