Tuesday, 30 September 2014
Last updated 1 min ago
Oct 5 2011 | 11:01am ET
After more than tripling its assets under management over the past year-and-a-half, Sandler Capital Management is taking a breather.
The New York-based alternative investments firm has closed its long/short hedge funds to new investment for at least six months. The strategy has grown by more than 200%, including leverage, HFMWeek reports, with the fund and its levered version now managing $2.6 billion. Strong performance and investor inflows are behind the big jump in assets.
Sandler told investors it will take the next few months to determine how much bigger the strategy can get while remaining nimble before reopening.
"We will further enhance our infrastructure during this period for our larger asset base, and will have taken on at least three new hires in 2011," the firm wrote.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...