Monday, 20 October 2014
Last updated 2 days ago
Oct 11 2013 | 1:02pm ET
Brevan Howard Asset Management has launched its first hedge fund managed from New York.
The European hedge fund giant opened a base in the Big Apple last year, hiring, among others, a team led by Deutsche Bank's former chief investment adviser, Vinay Pande. Now, a year after Pande's move to Brevan, he's managing his first stand-alone fund at the firm, the Strategic Macro Fund.
The new fund trades a wide variety of asset classes, including equities, bonds, interest rates, foreign exchange and commodities, Bloomberg News reports. Brevan Howard seeded the vehicle with money from its $27.9 billion flagship Master Fund; Pande's team had already been managing $300 million for that fund.
Brevan Howard now employs 28 people in New York. Among them are Pande team members Miguel Costa, Gerald Lucas and Yang Tang. Costa and Lucas are also Deutsche Bank veterans.
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 ...