Tuesday, 30 September 2014
Last updated 11 min ago
Oct 28 2011 | 12:33pm ET
Reinsurance isn't SAC Capital Advisors' only big plan. The $14 billion hedge fund, seeing greater opportunities in Japan, plans to open an office in Tokyo early next year.
SAC unveiled its Tokyo plans at a meeting with investors in New York this week. Executives told clients that the firm has hired four portfolio managers in Asia this year and now boasts 13 total.
Firm founder Steven Cohen sees growing opportunities in Japan, where long/short hedge funds have done fairly well this year, Bloomberg News reports.
SAC's Tokyo base will be its fourth Asian office, after Hong Kong, Singapore and Beijing. In addition to its Stamford, Conn., base and New York office, the firm also has presences in Boston, Chicago and London.
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...