Tuesday, 23 September 2014
Last updated 12 hours ago
Jan 26 2009 | 12:13pm ET
Despite the downturn, hedge funds are still a major force in the U.K. economy. The British hedge fund industry currently employs an estimated 40,000 people, according to the Alternative Investment Management Association.
AIMA estimates that the number of people employed directly by hedge funds and funds of hedge funds is about 10,000, while there are also at least 30,000 jobs among the industry’s advisers and service providers, such as prime brokers and legal and accounting services that are dependent on the industry.
AIMA’s research manager Tom Kehoe said these figures are conservative estimates of the industry’s overall workforce.
“The hedge fund industry is a major part of the financial services sector of the U.K. economy and it does contribute substantially in terms of employment figures,” said Andrew Baker, chief executive of AIMA.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.