Monday, 20 October 2014
Last updated 2 days ago
Dec 20 2013 | 12:21pm ET
The world's biggest money manager is planning what could be next year's biggest hedge fund launch.
BlackRock has begun fundraising for its new Credit Alpha Fund, with an initial target of $500 million, Bloomberg News reports. But the firm hopes to eventually garner as much as $3 billion for the vehicle—and could increase its launch size.
The new global long/short fund will be led by BlackRock's head of Americas credit, James Keenan, as chief investment officer. David Trucano will be the new fund's manager.
According to Bloomberg, the Credit Alpha Fund will seek valuation anomalies and mispricings.
BlackRock, which has $4.1 trillion in assets under management—including $103.4 billion in alternatives—began marketing the new fund in October.
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 ...