Tuesday, 21 October 2014
Last updated 1 hour ago
May 21 2012 | 11:19am ET
Nascent alternative investments fundraising firm Strategic Asset Partners is wasting no time when it comes to growth.
The boutique debuted in February in London and expanded to New York in March. Now, it's set to open its third office in Chicago—and is eyeing a West Coast outlet in Los Angeles, as well.
SAP plans to raise between US$500 million and US$1 billion for hedge funds and private equity firms; the firm is on the verge of agreements with several of the former, HFMWeek reports. SAP already boasts and investor client base including European pension funds and high net-worth investors and family offices in Europe, the U.S., China and the Middle East.
"Chicago was the birthplace of the CTA and has many interesting managers both discretionary and systematic; we hope to access strategies that are both interesting at a big-picture level and strategies that have innovative additional features, overlays or risk methodologies," Jeremy Penn, the former GLC researcher who now serves as SAP's head of structuring.
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 ...