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Hedge Fund News

Hedge Fund Manager among the World’s Youngest Billionaires

October 11, 2010

Hedge fund manager John Arnold, 36, made the list of Forbes Magazine’s youngest billionaires, with a net worth of $4 billion. Surprisingly, that only put him at number 212 on a list of 937 billionaires worldwide.
Arnold started as an oil trader for Enron in the 1990s. When Enron collapsed, he founded Centaurus Advisors, LLC, a [...]

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How Hedge Funds Lure Proprietary Traders

October 4, 2010

The passage of the Volcker Rule in July is having its effect on hedge funds. The Volcker Rule limits banks from making risky bets with their own capital and from investing more than 3 percent of assets into hedge funds or private equity firms.
There’s already been talk that major banks such as Goldman Sachs and [...]

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Getting More Women into Hedge Fund Jobs

September 13, 2010

Go work in a bar. That was the suggestion a friend gave Sara Grillo, after she lost her job at Lehman Brothers in 2008. Two years later, Grillo is co-manager of hedge fund advisor Diamond Oak Capital Advisors LLC, and is campaigning to help more women get into the finance industry.
Grillo has set a target [...]

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Hedge Fund Seeding Creates Opportunities

September 6, 2010

Although money has been flowing back into hedge funds, much of it has gone only to the biggest, most established funds. Investors burned by the financial crisis, lock-ups, and even fraud have opted for the safety and transparency of big funds over the potential returns of a newer, smaller, more aggressive fund.
But this has left [...]

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Boutiques to Spur Hedge Fund Jobs?

August 16, 2010

Money managers unhappy with the direction of their big bank are once again leaving to start their own firms, reports the Financial Times.
The reasons vary, from being forced to alter cherished and time-tested strategies that have worked for them, to being told to cut back on analyst resources to simply having to dance to the [...]

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Will Pensions Drive Hedge Fund Investment and Jobs?

August 9, 2010

The gap between what many U.S. public and private pension funds have in assets and what they’ll need to cover their pension obligations is like a “heart attack waiting to happen.”
That’s the news according to a recent article in Finalternatives. U.S. public pension funds are $500 billion to $3 trillion short in the amount needed [...]

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Ready to Leave Your Job and Start a Hedge Fund?

July 22, 2010

The usual trickle of bank traders wanting to leave their firms to start their own hedge funds has turned into a flood, according to a recent article in Britain’s Telegraph. Among them are traders from Goldman Sachs, BNP Paribas, Deutsche Bank and the former Wells Fargo.
In some cases the reason is tighter bank regulations following [...]

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