From the category archives:

Hedge Fund News

The Stearns Effect: Investment Banking and Hedge Fund Job Market

March 18, 2008

This morning CareerDiva.net wrote about the effect of Bear Stearns on the job market. “You commit yourself to a company, as many of these employees did and then one day, whammo…. all the workers, from the top down, saw themselves as part of a family….” This is a very similar situation to the thousands of […]

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Look to the Middle East

March 17, 2008

While there’s no shortage of bad news for the US hedge fund industry, the global picture is different. This month, Dubai-based Rasmala won the “Best New Fund” award at the annual Hedge Funds World Middle East Conference. This marks the second year of the award, as the Gulf area continues to be prosperous for hedge fund growth.

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The Power of the Quants

February 28, 2008

A recent Forbes article discusses how much control the quants are now wielding in the stock market.The article states that 70% of all equity volume is driven by computer models and that these models continue to trigger surges in buy or sell orders. Some 30% of all trades are being done in dark pools — […]

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Closing of a Multi-Billion Fund

February 22, 2008

Founded three years ago, Sailfish Capital had no trouble raising cash on the basis of its managers’ strong reputations. Six months ago, the Stamford-based, credit-focused fund was worth $2 billion. The last half-year has been an almost-steady decline, and co-founder Mark Fishman confirms the fund is shutting down. Read the NYT case study.

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The Global Macro Strategy is Back

February 19, 2008

An article in the Wall Street Journal today discusses how an old Hedge Fund strategy is back in favor. The Global Macro strategy is bets on economic trends in interest rates, global currencies and other instruments. Traders using the strategy have been winning big now that volatility has returned to the global market and interest […]

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Hedge Funds Hit, Too

February 11, 2008

With debt markets tight and an average loss of 1.8% among all hedge funds in January, it will be “surprising if we don’t see a lot of hedge funds close down at some point this year,” according to one fund-of-funds managing director quoted in the Financial Times. Firms managing multiple funds may discontinue one or […]

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Notes on Hedge Fund Infrastructure

February 7, 2008

Sungard’s Visual Portfolio Manager (VPM) software is now available in a hosted, ASP-based version from Paladyne Systems. The combination is intended as a low-cost, off-the-shelf substitute for patchwork in-house systems. The linked article notes, “Operational infrastructure has become an important consideration for pension funds and other institutions investing in hedge funds.” So it’s newsworthy, too, […]

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