Saturday, 25 October 2014
Last updated 1 day ago
Nov 10 2011 | 9:57am ET
Citigroup's prime brokerage unit has unveiled the latest edition of its hedge fund operating model, Hedge Fund 3.0.
The new outsourcing and partnership model is designed to allow hedge fund managers to focus on marketing, investor relations and portfolio management, leaving the boring details to Citi's Prime Finance team. The new version helps hedge funds cut back the ratio of support staff to investment pros, Citi said.
"The Hedge Fund 3.0 concept reflects the emergence of specialty providers who focus on the hedge fund industry, enabling fund managers to concentrate on key aspects of investment management while reducing their base of fixed costs," Alan Pace, Citi's prime brokerage chief for the Americas, said. "These experts have a keen understanding of the complexities of hedge fund management and can lift the burden of building and maintaining the infrastructure needed to handle complex trading strategies, as well as extensive regulatory and reporting demands."
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.