Wednesday, 1 October 2014
Last updated 7 hours ago
Jul 31 2012 | 11:54am ET
Venture capital veteran Rob Chandra has put one foot into the hedge fund world with a planned $250 million launch.
Bessemer Venture Partners' former India chief has founded Avid Park. The new long/short hedge fund is already closed to investors after having won $250 million in commitments, and will focus on technology stocks, a staple of Chandra's portfolios. Bessemer has invested in LinkedIn, Pinterest and Yelp.
While he's set to run his own hedge fund, Chandra isn't leaving Bessemer behind entirely. He plans to retain a part-time position at the firm, at least for the new few years, Reuters reports.
Chandra had led Bessemer's India investments until recently and helped the firm raise its $1.6 billion fund last year.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...