Monday, 20 October 2014
Last updated 2 days ago
Apr 12 2010 | 8:03am ET
Boston-based Moody Aldrich Partners has launched a hedge fund seeding operation, hiring a Weston Capital Management co-founder to lead it.
Christopher Kelley is charged with launching a new seeding fund “with private equity characteristics.” Moody Aldrich hopes to raise between $150 million and $200 million to seed five or six firms over the next year-and-a-half.
“Through partnerships with talented alternative money managers, this seeding program will enhance our firm’s product offering and provide exposure to the growing alternative segment of the market,” Eli Kent, principal of Moody Aldrich, which manages $850 million in long-only strategies, said.
Kelley established and oversaw Weston’s hedge fund seeding business before leaving the firm two years ago. He previously headed private equity firm Value Asset Management and served as a general partner at p.e fund Olympus.
For his part, Kelley notes that “hedge fund inflows are increasing for the first time in two years. There are many top hedge fund teams that have left or are leaving larger companies to build their own firms in the currently robust equity markets.”
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 ...