Tuesday, 21 October 2014
Last updated 9 min ago
Oct 24 2011 | 10:00am ET
Three former traders from European hedge fund giant Brevan Howard Asset Management have raised $100 million for a natural resources fund to be launched next year.
Tim Whyte, Carl Linderum and Ben Belldegrun have yet to name their new firm, reports Financial News, citing a person “familiar with the situation.”
Whyte will be the new outfit’s CIO, with Linderum and Belldegrun as senior partners on the investment team.
FN says the fund will focus on global commodities and equities.
All three joined Breven Howard in 2008 from the hedge fund firm Sofaer Capital where they also ran a natural resources hedge funds. They served as senior traders on the Brevan Howard Master fund until 2010, when all three left.
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 ...