Tuesday, 30 September 2014
Last updated 2 hours ago
Aug 15 2012 | 12:10pm ET
Brevan Howard Asset Management has launched a U.S. fundraising effort for its three-year-old currency hedge fund.
The London-based firm, which opened a New York office last month, informed the Securities and Exchange Commission of the capital-raising push in an Aug. 9 private-placement notice. Would-be investors in the US$1 billion Macro FX Fund will have to pony up at least US$1 million.
Macro FX is run by Luke Ding, a former Merrill Lynch foreign exchange trader. The fund debuted in November 2009 and has enjoyed annualized returns of 3.6% since inception.
The private placement keeps Brevan from having to register with the SEC. The firm's new U.S. affiliate is registered with the regulator, but currently invests only on behalf of Brevan's flagship hedge fund.
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...