Monday, 20 October 2014
Last updated 26 min ago
Mar 6 2012 | 7:22am ET
More than a year after setting up his hedge fund, former Deutsche Bank securitized products chief Gregory Park is set to launch his maiden offering—as a joint venture.
Park's Northstone Peak Capital has partnered with Chinese asset management giant Harvest Fund Management, HFMWeek reports. The decision to partner with an established firm is a reflection of the difficult fundraising environment in Asia, especially for start-up managers.
Hong Kong-based Northstone will serve as Harvest's credit hedge fund platform in Asia. The new Harvest Northstone Capital hopes to raise US$150 million for its first fund, which will target large global allocators.
When he set up Northstone at the end of 2010, Park had hoped to launch a US$2 billion hybrid hedge-private equity fund by the middle of last year, with initial assets of at least US$250 million. The fund was to target returns of between 15% and 25% annually, investing primarily in new bonds and warrant-linked bonds.
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 ...