Monday, 20 October 2014
Last updated 5 hours ago
May 31 2012 | 2:37am ET
Symphony Asset Management hopes to raise as much as US$1 billion for two Asia-focused hedge funds after an impressive run.
The Tokyo-based firm, founded in 2003 by former Goldman Sachs trader David Baran, has seen its Japan-focused SFP Value Realization Fund jump 16% this year. So it's now looking for about US$500 million in new cash for the activist vehicle, over the next two years.
But Symphony isn't stopping there: It's looking for a similar amount for its US$21 million Sinfonietta Fund, an Asia-focused macro vehicle. Sinfonietta has returned 6.8% this year after soaring 29% last year.
SFP Value currently has US$200 million in assets.
"Our Japan experience has affected our worldview," Baran told Bloomberg News. "It's timely to increase our exposure and assets as unlocking value is becoming easier with a dramatic increase of corporate actions in Japan."
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 ...