Monday, 20 October 2014
Last updated 7 hours ago
Apr 1 2008 | 10:43am ET
The Bank of New York Mellon’s Alternative Investment Services business has topped $200 billion in assets under administration. The firm says the milestone in its hedge fund administration business reflects the rapid global growth in the firm's servicing of funds of hedge funds and multi-strategy hedge funds.
In the last five years, The Bank of New York Mellon has grown hedge fund assets under administration from $30 billion to $200 billion and last year posted a 94% increase in assets under administration.
"We estimate more than half of all money flowing into hedge funds through 2010 will come from institutional investors, at which point global institutional assets in hedge funds will exceed $1 trillion,” said Brian Ruane, executive vice president of The Bank of New York Mellon. “Retirement plans will account for about two-thirds of these asset flows."
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 ...