Tuesday, 21 October 2014
Last updated 1 hour ago
Dec 7 2011 | 12:11pm ET
Lone Pine Capital veteran Eashwar Krishnan isn't going it alone as he seeks US$1 billion for an Asia-focused hedge fund.
Krishnan will be joined at his unnamed new hedge fund by Tanvir Ghani, former head of capital introduction for the Asia-Pacific region at Goldman Sachs, Reuters reports. Ghani's connections and fundraising experience will be vital to the Hong Kong-based firm as it tries to become one of only a handful of Asia-based hedge funds managing at least US$1 billion.
Ghani, who left Goldman in November after more than a decade at the firm, is only the latest Goldman veteran to try his hand at running a hedge fund. Some of the bank's top traders, among them Daniele Benatoff, Pierre-Henri Flamand, Eric Mandelblatt, Ariel Roskis and Morgan Sze, have launched funds, with Sze's Azentus Capital the gold standard, having raised in excess of US$2 billion in less than four months. Most recently, the son-in-law of former President Bill Clinton teamed up with two former colleagues at Goldman to ready a new hedge fund.
Ghani and Krishnan's new firm aims to launch its maiden hedge fund in April. Lone Pine will invest in the management company, but not in its products. Krishnan will serve as chief investment officer and Ghani as chief operating officer.
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 ...