Tuesday, 30 September 2014
Last updated 2 hours ago
Nov 19 2012 | 1:12pm ET
Aberdeen Asset Management aims to take advantage of a wave of consolidation in the fund of hedge funds industry to more than double the size of its own such business.
Aberdeen, which got into the fund of funds business three years ago when it bought a Credit Suisse unit, added to that portfolio in 2010 with the Royal Bank of Scotland's fund of funds business. It now manages more than US$4 billion in such assets, but aims to increase that figure to US$10 billion within a few years.
"Going forward, there is going to be value to the size and scale of a firm," Andrew McCaffery, Aberdeen's global head of hedge funds, told the Financial Times. "The largest managers are going head to head for the biggest investment mandates, and we want to make sure we are competing with that upper echelon."
"We have also been an acquisitive firm when we see an opportunity, and we are looking at any number of ideas, but we are also looking at organically growing assets by winning new mandates."
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...