Monday, 20 October 2014
Last updated 8 hours ago
Sep 13 2011 | 1:47pm ET
The largest funds of hedge funds saw their assets under management rise by 3.3% in the first half, increasing their investments in their underlying managers by $21 billion.
Funds of hedge funds with at least $1 billion in assets now manage $655 billion, InvestHedge magazine reports. That's up from $595 billion after the first half of 2010, when fund of funds assets fell 0.6%.
Industry titans including the Blackstone Group, UBS and HSBC all posted billion-dollar-plus increases in the fund of funds assets. Blackstone Alternative Asset Management added $4.3 billion during the first half and now manages $37.2 billion, while UBS Global Asset Management's assets increased $3.3 billion to $30.8 billion and HSBC Alternative Investments' $1.8 billion to $29.8 billion.
"Performance counts," InvestHedge editor Niki Natarajan said. "Looking at the names of firms that have continued to do well, it is clear to see that while some of the industry is continuing to suffer a period of low self-esteem, there are still a good number of groups who know what their purpose is."
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 ...