Monday, 20 October 2014
Last updated 3 days ago
Jan 9 2008 | 11:17am ET
Madrid, Spain-based Altex Partners has increased its size and international presence with the acquisition of British-based Alpha Value Management. Both firms specialize in funds of hedge funds.
The merged firm will manage US$400 million in funds of hedge funds in Ireland, Spain and Luxembourg, and will have registered investment management companies both in Spain and the U.K. Coinciding with the merger, Santiago Alarcó has joined Altex as a London-based partner. Previously, he was a global macro fixed-income proprietary trader at ABN AMRO in London.
"For us, it is a way of adding talent, assets under management and international presence,” said Carlos Dexeus, Altex Partners’ CEO. “Santiago's experience as managing director in the arbitrage trading department in Salomon Brothers, as well as other positions in ABN and Morgan Stanley is a key complement to Altex’s management team."
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 ...