Friday, 31 October 2014
Last updated 14 hours ago
Nov 17 2010 | 3:35pm ET
In another sign that the hedge fund industry is all but fully recovered from the financial crisis, the U.K. Financial Services Authority authorized more new hedge funds in the third quarter than it had in two years.
The regulator said 28 new hedge funds registered between July and September. All told, 65 new hedge funds have registered in the first three quarters of this year, more than the 60 that registered all of last year.
FSA registration takes an average of six months, meaning most of the new firms have been planned since at least earlier this year. A surge of applications came in the first quarter.
Sixteen of the 28 new registrants were founded by veterans of some of Europe's larger hedge funds, including Brevan Howard Asset Management, Cheyne Capital Management, CQS Management and Odey Asset Management, Financial News reports.
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…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.