Thursday, 2 October 2014
Last updated 8 min ago
Oct 12 2011 | 6:42am ET
Former Man Group CEO Stanley Fink's current hedge fund has enjoyed a 40% jump in assets under management thanks to a pair of pension fund mandates.
Two "very large" pensions poured US$200 million into International Standard Asset Management's flagship Systematic Fund, the firm's Alexander Lowe told Reuters. Those allocations pushed the firm's assets to US$700 million, a record for the three-year-old London-based ISAM.
Lowe said that the Systematic Fund, launched last year, was roughly flat this year. He blamed "choppiness" in agriculturals and other sectors, which he said "cost us 800 basis points."
While still managing less than US$1 billion, ISAM has big plans for Systematic, hoping to boost its assets to about US$5 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…
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...