Thursday, 2 October 2014
Last updated 1 hour ago
Feb 10 2014 | 11:42am ET
Sequence Asset Management founder Allan Bedwick is not returning to the hedge fund industry alone.
Bedwick will launch his planned Asia macro fund with former Goldman Sachs executive Leland Lim, Reuters reports. The new, as-yet-unnamed firm plans to roll out its maiden offering in the third quarter.
Adding Lim, who was co-head of Asia-Pacific ex-Japan macro trading at Goldman prior to his retirement last month, means Bedwick, who left Noble Group in December, will take on a new role, focusing on the new firm's operations while Lim handles its investments. Bedwick formerly managed—with great success—Sequence, which he closed in 2012, citing fundraising difficulties.
That should be less of a problem two years later: Investors are flocking to Asian hedge funds, after the industry's strongest returns in five years in 2013.
Bedwick and Lim's firm will be based in Hong Kong. The two have yet to register the business with that city's regulators.
It is unclear how much the new firm seeks to raise by inception, Reuters reports.
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...