Monday, 20 October 2014
Last updated 6 hours ago
Apr 2 2009 | 7:32am ET
GAM has become the latest hedge fund manager to report a dramatic decrease in redemptions, with the Julius Baer hedge fund arm predicting that outflows should end by the second half of this year.
Julius Baer CFO Dieter Enkelmann told the Morgan Stanley European Financials Conference in London that GAM’s withdrawals slowed substantially in the first quarter, as compared to the fourth quarter of last year. What’s more, the firm expects its assets under management to not only stabilize in the second half, but to begin to recover.
GAM’s assets under management fell by almost than half last year. Assets sank to US$39.2 billion at the end of December; GAM managed US$75.8 billion at the beginning of 2008.
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 ...