Wednesday, 1 April 2015
Last updated 2 hours ago
Nov 21 2011 | 11:59am ET
David Harding’s London-based Winton Capital Management has been on the receiving end of more than a tenth of the money flowing into hedge funds in 2011, a year that saw a few managers dominate.
The $26 billion firm had added a net $7.3 billion to its assets under management as of October 31, reports Bloomberg, citing two investors who preferred not to be identified.
Winton is one of eight funds that accounted for a third of all new money poured into hedge funds this year, says Bloomberg. In addition to Winton, they are Millennium Management, Capula Investment Management, Saba Capital Management, DE Shaw & Co., Och-Ziff Capital Management Group and BlueMountain Capital Management.
Hedge Fund Research says net deposits in hedge funds this year totaled of $70.7 billion—or 3.6% of industry assets.
The eight top funds represent less than 1% of the 2,600 hedge fund managers operating globally. They are benefiting, say analysts, from increased allocations by pension funds and who like recognizable names.
“You don’t see that much creativity amongst pensions or their consultants,” Brad Balter, head of Boston-based Balter Capital Management, told Bloomberg. “What you do see is brand names.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…