Tuesday, 21 October 2014
Last updated 33 min ago
May 27 2010 | 3:59am ET
Real estate services firm Jones Lang LaSalle has launched a hedge fund index, tracking not the hedge funds themselves but the office buildings they favor.
The new New York City Hedge Fund Index includes 21 Manhattan buildings that many hedge funds and other financial services firms call home. Among the indexed buildings are such trophy properties as the Seagram Building, Lever House and the IBM Building.
Two of the 21 buildings are full, while nine others offer space if a hedgie is willing to pony up at least $100 per square foot. The priciest among them is 9 West 57th Street, which could cost the gilded hedge fund $180 per square foot.
But for the cost-conscious hedge fund manager, perhaps wary of investor ire, some space is available for as little as $68 per square foot.
“There are still some deals available in trophy buildings,” Jones Lang’s Cynthia Wasserberger told Crain’s New York Business. “Tenants just have to be willing to forgo some of the amenities.”
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 ...