Thursday, 2 October 2014
Last updated 54 min ago
Apr 12 2013 | 10:41am ET
The laurels for biggest hedge fund trade of 2012 appear to belong to Och-Ziff Capital Management's James Levin.
Levin bet $7.5 billion—more than a quarter of the New York-based hedge fund's assets—on structured credit last year, and turned a nearly $2 billion profit on it, The Wall Street Journal reports. Levin's returns accounted for more than half of Och-Ziff's $3.4 billion in trading gains last year.
"It's not a one-man show, but we think he's a star," the New Jersey Division of Investments' Timothy Walsh told the Journal.
While a number of hedge funds made big returns on structured credit last year, few if any made as big or as risky a bet as Levin, who did less hedging than others.
Och-Ziff still has 24% of its assets invested in structured credit.
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...