Friday, 24 October 2014
Last updated 16 hours ago
May 12 2011 | 1:01pm ET
Smaller hedge funds may have a very, very big ally in their efforts to raise money. Goldman Sachs is pushing investors towards smaller hedge funds, a top executive said yesterday.
"All flows have gone to managers with $2 billion and above over the past two years," Lawrence Restieri, co-head of Goldman's alternative capital markets group, told the SkyBridge Alternatives Conference in Las Vegas. "Intuitively, that would lead you to believe there's an opportunity in smaller emerging managers," those with less than $1 billion in assets.
What's more, Restieri said, finding smaller hedge funds for clients is good business.
"Larger clients, with $100 million plus, they don't need help finding Och-Ziff" Capital Management, Restieri explained. "They need help sorting through the thousands of smaller managers out there. So there's value that our platforms can provide there."
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…
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 ...