Wednesday, 1 October 2014
Last updated 5 hours ago
Oct 15 2012 | 9:31am ET
With $482 billion under management, it's not surprising that China's sovereign wealth fund prefers to invest in larger hedge funds.
“We tend to invest in large market funds because of our own size; small funds probably cost us the same amount of work,” said Hua Fan, the head of fixed income investment at the China Investment Corp. “With CIC’s unique position, we do have great access to hedge funds and can negotiate for lower fees.”
Fan made the remarks during a New York conference sponsored by the Chinese Finance Association on Sunday, reports Bloomberg. He said volatile markets and lower returns from fixed-income and other investments have driven investors to hedge funds.
“We do face growing challenges,” said Fan. “People all think equities are too volatile. Bonds don’t give you 5% return. So what we do? Lots of funds put money into hedge funds.”
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...