The Hot New Hedge Fund Of 2024 Has Been Hiring From Morgan Stanley & Jane Street
Jain Global, the hedge fund founded by Bobby Jain, the former Millennium co-chief investment officer, is still hiring ahead of its launch in July. Its latest portfolio management recruits include macro traders in Singapore and Frankfurt and a former trader from Jane Street in New York.Get Morning Coffee ☕ in your inbox. Sign up here.Jain's Frankfurt hire is Benedict Stoddart, who spent the past decade as a rates trader at Morgan Stanley in London and then Frankfurt from 2019. Stoddart, who is English, is returning to the UK for his role at Jain.
Ubs's Co-head Of Global Rates Trading Went To The Friendliest Hedge Fund
It may not be easy surviving and thriving at a hedge fund, but if you're going to leave a comparatively cosy banking job for a fund, there's one that's supposed to be nicer than others: Verition. And it's Verition that UBS's co-head of G11 short term interest rate trading has gone to. Get Morning Coffee ☕ in your inbox. Sign up here.James Regan announced his Verition move this morning. He's leaving UBS in London for a portfolio management role at Verition in New York, where he'll presumably be running a macro pod.It's Regan's second stint in NYC.
Giverny Capital Rochon Global Portfolio 2023 Annual Letter To Partners
It has been more than 30 years since I discovered the writings of Warren Buffett, Benjamin Graham, John Templeton, Philip Fisher and Peter Lynch. I then decided to begin managing a family portfolio based on an investment approach synthesized from these great money managers. By the end of 1998, after five years of satisfactory results, I decided to launch an investment management firm offering asset management services aligned with my own investment philosophy. Giverny Capital Inc. came into existence. In 2002, Giverny hired its first employee: Jean-Philippe Bouchard (JP).
Financial Consumers Back Hedge Funds For Better Risk-adjusted Returns, Downside Protection – The Mail & Guardian
The SA hedge funds industry is gaining popularity among a broader range of consumers due to increased regulatory oversight. :
Hedge funds, once the preserve of high net worth (HNW) individuals and institutional investors, are gaining favour across a broader cross section of the consumer market thanks, in part, to greater regulatory oversight. Local consumers are pouring billions of rands into this asset class for its dual benefits of downside protection from financial market contagion and consistent long-term returns.
Hedge Fund Job Cuts Are A Reminder Why People Stay At Banks
Hedge funds are not immune to cutting staff. Their tendency to "stop" people who make losses above a tolerable level has long been documented, but that's not all. Like banks, they also have periodic culls of under-performers. It's just that the hedge fund culls seem a bit more aggressive. Get Morning Coffee ☕ in your inbox. Sign up here.Brevan Howard, for example, did some wild hiring last year, seemingly increasing its staff by 40% in a six-month period. Now it's trimming them back in what Bloomberg describes as an instance of a "twice year review."
Hamilton Zanze Announces Promotion Of Jay Snover To Managing Director Of Affiliate Graham Street Realty
Increased Responsibilities Will Include a Leading Role in Portfolio Management
SAN FRANCISCO, March 14, 2024 /PRNewswire/ -- Hamilton Zanze, a San Francisco-based real estate investment firm that owns and operates multifamily communities nationwide, announced today that Jay Snover has been promoted to managing director of affiliate Graham Street Realty. Snover previously served as the company's senior director. Snover will continue to guide acquisition strategy, oversee capital formation and source deals for Graham Street Realty, which owns and operates commercial offices and multi-tenanted industrial properties.
Seletar Mall Sold For $550M To Allgreen Properties | The Straits Times
March 07, 2024 1:05 PMThe mall was owned by Cuscaden Peak Investments and United Engineers. :
SINGAPORE – Allgreen Properties has bought The Seletar Mall from Cuscaden Peak Investments and United Engineers for $550 million. The announcement on March 7 confirms a report by The Business Times in January 2024 that Allgreen was in exclusive due diligence to buy the mall, which is located in the Sengkang West area. The addition of The Seletar Mall will diversify Allgreen’s presence in the retail landscape as it moves into the heartland, said Mr Tho Leong Chye, managing director of Allgreen.
Seletar Mall Sold For S$550 Million To Allgreen Properties , Property - The Business Times
ALLGREEN Properties has bought The Seletar Mall from Cuscaden Peak Investments and United Engineers for S$550 million. :
ALLGREEN Properties has bought The Seletar Mall from Cuscaden Peak Investments and United Engineers for S$550 million. The announcement on Thursday (Mar 7) confirms a report by The Business Times in January 2024 that Allgreen was in exclusive due diligence to buy the mall, which is located in the Sengkang West area. The addition of The Seletar Mall will diversify Allgreen’s presence in the retail landscape as it moves into the heartlands, said Tho Leong Chye, managing director of Allgreen.
Times Change: The Era Of The Private Equity Denominator Effect | Cfa Institute Enterprising Investor
How can investors address the denominator effect in private equities? :
After private equity’s extraordinary performance in 2021, private market valuations decoupled from those of both public equities and bonds in 2022. This led many institutional investors to end up over-allocated to private markets. This is the so-called denominator effect, whereby private asset allocations exceed the percentage threshold established in an allocation policy and must be corrected. The simultaneous negative cash flow cycle has reduced anticipated liquidity that latent paper portfolio losses in traditional assets have already compressed. This makes portfolio adjustment decisions even more challenging.
Jp Morgan Oems Neovest Acquires Layerone Financial To Bolster Hedge Fund Offering
Acquisition will allow the Neovest OEMS to offer hedge fund clients integrated execution, order, and portfolio management services through a unified platform. The post JP Morgan OEMS Neovest acquires LayerOne Financial to bolster hedge fund offering appeared first on The TRADE.