Wednesday, 22 October 2014
Last updated 15 hours ago
Nov 8 2010 | 11:56am ET
After months of planning, Soros Fund Management opened its office in Hong Kong today.
The US$27 billion firm announced plans to set up an office in the city in January. The firm was considering transferring two fund managers, James Chang and Dai Jixin, to the new base. The Hong Kong office is New York-based Soros' first in Asia.
Soros joins several large Western hedge funds in opening offices in the region. GLG Capital, which was recently acquired by the Man Group, opened offices in Beijing and Hong Kond earlier this year. Prana Capital founder Peregrine Cust moved himself—and the firm's investment team—from London to Singapore in April, while D.E. Shaw Group opened offices in Shanghai and Tokyo.
Moore Capital Management, Maverick Capital and Viking Global Investors also opened Asia offices, while Fortress Investment Group will launch a Singapore office, headed by co-chief investment officer Adam Levinson, and a San Francisco office, headed by co-chairman Peter Briger and designed to focus on the firm's Japanese activities, next year.
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 ...