Monday, 20 October 2014
Last updated 3 hours ago
Jul 20 2010 | 9:31am ET
Asset management powerhouse GLG Partners took in $2.5 billion in net inflows in the first half of the year, bringing its assets under management to approximately $23 billion.
The NYSE-listed firm's alternative investment strategies saw a return of 3.8%, which lagged the broader markets—the MSCI World Index returned 7.1% and the S&P 500 Index returned 6.9% for the same period.
GLG's 130/30 strategies gained 2.1% for the first half, while the firm's long-only strategies performed the best with a 4.4% gain.
"We saw robust net AUM inflows and continued to deliver strong performance for our investing clients across the GLG platform despite turbulent market conditions in the second quarter,” said Noam Gottesman, chairman and co-CEO of GLG.
In May, the Man Group announced that it would pay US$1.6 billion to buy GLG Partners. The deal is slated to close in September.
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 ...