Tuesday, 21 October 2014
Last updated 37 min ago
Jun 13 2012 | 12:20pm ET
Two managers of struggling Asia-focused hedge funds have thrown in the towel and signed on with larger firms.
Agus Tandiono returned to Citadel in January after closing his own fund, a person familiar with the move told Bloomberg. Tandino left the $13 billion Citadel in 2009 to manage an Asia-focused long/short equity fund for Income Partners Asset Management.
Sanjiv Bhatia, who wound down his Hong Kong-based hedge fund Isometric Capital Management in December, joined CQS, which manages $11.6 billion.
Asia-focused funds—and smaller funds— have had a hard time of it lately. According to Hedge Fund Research, 80% of all new capital invested in hedge funds in the 15 months to March 2012 went to $5 billion-plus managers.
Eurekahedge says 74% of the 308 Asian hedge funds started since 2009 have failed to increase assests “significantly” and 51 of them have been liquidated.
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 ...