Tuesday, 21 October 2014
Last updated 9 hours ago
Oct 2 2013 | 11:10am ET
China's sovereign wealth fund is poised to put some of its nearly $600 billion in assets to work at European hedge funds.
China Investment Corp. absolute return managing director Roslyn Zhang told the SALT conference in Singapore that it is "getting closer to the point of taking action" after two years investigating the space.
"From the intelligence we gathered from managers, we had been lacking in confidence to pull the trigger," she said. CIC has been focusing on distressed investments, but hasn't yet identified which strategy it will seek in Europe.
Once it does, it will create a list of 10 established managers, eventually cutting that roster to between three and five.
CIC has been investing with hedge funds for four years, and Zhang said that SWF's experience "has been very positive." But she said it needed two years' lead-time before making an investment, because "the investment process itself will require six to nine months, and also the nature of hedge fund investments is that you can't really turn over your portfolio that quickly."
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...