Tuesday, 21 October 2014
Last updated 1 hour ago
Mar 26 2008 | 2:00am ET
New York remains the capital of the burgeoning global hedge fund industry, according to a new report.
Credit Agricole Structured Asset Management’s 2007 Industry Report said that, though most hedge funds are domiciled abroad, 60% are based in the U.S. New York alone boasts the principal operations of 25% of the world’s almost 10,000 hedge funds.
As of the end of last year, hedge funds managed $2.16 trillion, according to CASAM. Long/short equity is by far the largest strategy, with more than twice the assets of its nearest competitor. The strategy manages $568 billion, compared to $245 billion for event-driven multi-strategy funds and $221 billion for global macro funds.
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 ...