Wednesday, 22 October 2014
Last updated 12 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.”
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 ...