One of the consequences of the Credit Crunch of 2008/9 was a scaling back by hedge fund managers – they cut their gross, they restricted redemptions, and, in managing their companies through a traumatic period for the industry, the larger managers often reduced headcount or closed their offices in Asia and London. When there were […] Read more »
Hedge Fund Returns Are Path Dependent – As 2011 Illustrates
One of the things that is attempted on this website is to look at market action to help explain, or comprehend hedge fund returns. For example, two years ago a commentary was distributed on the significance of the quality factor in explaining returns in 2009 (see this article), and the impact of high correlation this […] Read more »
Winton’s Futures Fund is primus inter pares
David Harding There has been a lot of comment in the hedge fund industry on the asset gathering of Winton Capital this year. David Harding’s firm has attracted inflows of over $7bn in 2011, which equates to over 10% of the whole industry’s capital inflows. This is a remarkable market share of the growth for […] Read more »
Hedge Funds Positioning to Benefit from Euro Banks Spitting out Assets
“The Economist” (19th November 2011 edition) has just written about the market for assets being spat out of European banks. The article is reproduced below. For my part I see the market for leveraged loans in Europe becoming very attractive to buyers who know how to be selective, with, unlike the bank asset story, an […] Read more »
Through the Lag – Europe’s Leading Hedge Funds Add Investment Staff
>One of the ways of looking at the health of a hedge fund business is in staffing levels. Like many other businesses in finance hedge funds cut back on headcount in late 2008 and into 2009, and the cutbacks in London based hedge funds continued into 2010 (see this article for data on last year). […] Read more »
The Dangers of Mixing the Functions in a Hedge Fund Management Company
In an in-depth due diligence questionnaire of a hedge fund manager there is often a question about the outside business interests of the principals. For an organisation with a broad team of decision makers managing investments this is less of a concern. To the extent that there is a single presiding talent who sets the […] Read more »
The Hedge Fund Job Interview
> I know the readership of this website includes partners in hedge fund management companies, but it has also attracted some people who are both relatively new to hedge funds and some looking to get into the hedge fund industry. So this article should work for both constituencies. I came across some interview questions used […] Read more »