LPs Talk Quants, Pros (& Cons) Of Seeding New Managers
A structural shift is happening in how institutional investors approach hedge funds. Technology plays an increasingly important role in hedged strategies, and institutions are looking to newer, hungrier managers for long-term partnership. Panelists include: Jonathan Hook, chief investment officer, Harry and Janet Weinberg Foundation; Pamela Campbell, managing director of hedged strategies, Washington University in St. Louis; Dan Parker, deputy chief investment officer, Texas Tech University. Elaine Orr moderated.
Threats To Hedge Fund Managers’ ‘Secret Sauce’
Hedge fund managers are arguably the celebrity chefs of the money management industry. They are best able to whip up returns that make investors drool. But financial engineers are unpicking their secret sauce and finding new ways to sell it by the bottle. The biggest trend in the money management industry is the shift towards passive investment. About $3tn is now in index-tracking and exchange traded funds that only seek to replicate the returns of a broad market, such as the S&P 500, the Barclays Aggregate bond index or the FTSE 100. The basic return of a market...
Barclays Trading Unit Said to Take 60 Employees in Spinout
Olivier Durantel, Gregoire Schneider, Antoine Fillet and Maxime Fortin of the British bank’s nQuants unit will form the venture, according to a person with knowledge of the plans, who asked not to be...
Hedge Funds and Science: The Two Sides of the Same Coin
Finance and science have a symbiotic relationship: One funds; the other staffs. But some say this exchange is detrimental....
Self Confirming Long Run Biases
Bocconi University Assistant Professor Simone Cerreia Vioglio, Assistant Professor of Economics at Bocconi University, presents preliminary research on self-confirming long run biases. He and his collaborators consider a myopic decision maker facing a recurrent decision problem. They show that a long run bias emerges that favors tested actions, that is, actions on which information has been collected over time. In so doing they provide, inter alia, a learning foundation for the self-confirming equilibrium with model uncertainty of Battigalli et al. (2011). This lecture is a part of the Workshop on Ambiguity and Robustness in Macroeconomics and Finance.
SAC Says Three London Portfolio Managers Left Hedge Fund
SAC Capital Advisors LP, the $14 billion hedge-fund firm founded by Steven A. Cohen, said three portfolio managers in London left last month....
Investors turn their backs on robot hedge funds
Investors in the $330 billion computer-driven hedge fund sector are pulling out money for the first time since 2008, data showed on Wednesday, signaling the possible start of a bigger exit...
Man Shuts Vision Fund in Overhaul of Guaranteed Products
Man Group Plc, the world's biggest publicly traded hedge-fund manager, is shutting a range of products that aimed to protect clients from losses after they failed to meet performance targets....
UBS splits off Hedge Fund business
UBS Global Asset Management has announced that its leading Alternative and Quantitative Investments (A&Q) hedge fund platform will be reorganised into two separate business areas with immediate effec...
Winton escalates computer-driven hedge fund arms race | Reuters
Winton Capital, one of the world's biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better r...