Friday, 24 October 2014
Last updated 1 hour ago
Jun 7 2011 | 1:31pm ET
The growing community of western hedge funds in Hong Kong has a new neighbor, at least in spirit: Owl Creek Asset Management.
The New York-based firm, which has about $7 billion in assets under management, won an asset-management license from the Hong Kong Securities and Futures Commission last month, Reuters reports. But unlike other U.S.- and Europe-based funds to obtain a similar license, Owl Creek has no plans to create a physical presence in Hong Kong.
Instead, the firm, founded by Jeffrey Altman, will use the license to attract a wider range of investors, according to Reuters. It will continue to trade in Asia—the firm has a $300 million dedicated Asia fund and $2.6 billion invested in the region in total—from its home base in New York.
The SFC issued the license to Owl Creek on May 20.
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 ...