Tuesday, 21 October 2014
Last updated 11 hours ago
Feb 15 2012 | 2:46pm ET
Two veterans of Harvard University's massive endowment are set to launch their maiden hedge fund.
Steve Alperin and Sara Fleiss have founded Emeth Partners in Boston. The new firm plans to unveil its first hedge fund, an emerging markets-focused event-driven volatility vehicle, in the third quarter, HFMWeek reports.
Alperin spent more than two decades at Harvard Management Co., running the $32 billion endowment's emerging markets equities portfolio. Fleiss worked for the school's money arm for just five years as Alperin's lead analyst after spending time on Citigroup's equity derivatives desk.
Harvard has been fruitful ground for budding hedge fund and private equity managers. Five firms founded by HMC veterans over the past 14 years managed more than $43 billion as of last year, including Adage Capital Management and Convexity Capital Management, the latter launched in 2006 by former HMC chief Jack Meyer with $6 billion. The firm now manages more than twice that sum.
More recently, HMC external management portfolio manager Robert Russell left Harvard for Avenue Capital Management, where he will launch its first fund of hedge funds.
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 ...