Monday, 20 October 2014
Last updated 10 min ago
Apr 1 2011 | 12:51pm ET
Asia has a new member of the billion-dollar club: Senrigan Capital Group.
The Hong Kong-based firm, founded about a year-and-a-half ago by former Citadel Investment Group Asia principal investments chief Nick Taylor, took in US$55 billion in net inflows last month to crest the US$1 billion mark.
Senrigan, an event-driven shop, debuted in November 2009 with about US$220 million in assets, most of it from the Blackstone Group's fund of hedge funds unit, which provided US$150 million in seed capital. The fund has returned more than 9% since its launch.
Taylor left Citadel after just six months, departing when the Chicago hedge fund giant retrenched in Asia, shuttering both its principal investments group and its Tokyo office in December 2008. Prior to joining Citadel, Taylor led Credit Suisse hedge fund Modal Capital Partners.
According to AR magazine and HedgeFund Intelligence, billion dollar-plus funds in Hong Kong, Singapore, Tokyo and in Sydney and Melbourne, Australia, numbered 29 at the end of last year. As of today, they should number at least 31, with former Goldman Sachs proprietary trader Morgan Sze's official launch of his Azentus Capital with more than US$1 billion.
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 ...