Tuesday, 1 December 2015
Last updated 1 hour ago
Feb 17 2009 | 1:25am ET
Global hedge fund assets will fall by another $200 billion this quarter, a top UBS executive said today.
“We are going to see a reduction in hedge fund assets, we are going to see a decline in the number of hedge funds, we are going to see some strategies that will not work in this environment,” Timothy Bell, global head of hedge funds advisory at UBS Wealth Management, said.
Hedge fund assets will sink to $1.2 trillion by the end of the first quarter, a nearly 40% decline since peaking in the middle of 2008. Bell said the continued asset evaporation will be caused in part by hedge fund liquidations and a decline in the use of leverage.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…