Tuesday, 21 October 2014
Last updated 3 hours ago
Mar 9 2012 | 11:02am ET
The Blackstone Group is the biggest player in the stagnating fund of hedge funds industry, according to a new ranking.
Blackstone Alternative Asset Management is the biggest fund of funds, with $39 billion in assets under management. That's a 15% increase from the previous year—in a 2011 that saw total fund of funds assets among the biggest firms drop $3 billion.
HSBC Alternative Investments took second place among InvestHedge's annual Billion Dollar Fund of Hedge Fund Club members, with $28.5 billion. UBS Global Asset Management came third with $27 billion.
"Our latest figures show that there will always be a role for the good funds of hedge funds, despite the challenging market conditions of recent years," Niki Natarajan of InvestHedge said. "Those with a large established infrastructure will be able to support the requirements of this trend, resulting in further mergers and acquisitions, such as the recent Union Bancaire Privée and Nexar Capital deal."
There was little change in the top 10 this year. In addition to Blackstone, HSBC and UBS, Grosvenor Capital Management, Goldman Sachs Asset Management, Morgan Stanley and BlackRock Alternative Advisors made the list. Only Mesirow Advanced Strategies broke into the top 10, displacing Lyxor Asset Management.
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 ...