Tuesday, 21 October 2014
Last updated 4 hours ago
Jul 10 2007 | 9:59am ET
A new survey shows that that new hedge fund launches in the U.S. this year are up sharply over the same period in 2006.
In the first six months of 2007, 72 new funds began trading with a total of $14 billion, according to the Absolute Return survey, eclipsing the first half of last year, when 51 new funds were launched with $11.7 billion. This year, three mega-funds—Carlyle Bluewave, CVI Global Value Fund and GMN Master Fund—were launched with more than $1 billion; last year, when only one fund managed to surpass the billion-dollar mark before July 1.
The survey also noted that domestic long/short equity funds dominated the first half’s offerings with 28 launches that raised $4.7 billion, up from 19 launches and $2.9 billion during the same period last year. Other new niche strategies this year include five healthcare funds with a combined total of $860 million and a natural resources fund with $61 million. Also included is a pair of asset managers in Brazil that raised nearly $100 million in total.
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 ...