Category Hedge Fund

Why hedge-fund middlemen must adapt or die

Firms that invest in hedge funds on behalf of large institutions and wealthy individuals—an industry that got its U.S. start in Chicago more than 40 years ago—are recasting their businesses as clients unhappy with an extra layer of fees are bypassing the middlemen. In the most striking local example, Chicago-based Grosvenor Capital Management LP, a […]

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Alternative Beta

Alternative Beta, in the context of risk premium oriented investing, is a concept that extends the idea of traditional passive investing into the alternative investment space. Alternative beta refers to risk premia which are available in the global capital markets beyond traditional equity or fixed income related long only investments. Generally risk premia are returns […]

Bridgewater

We believe the best way to manage money is to separate investment alpha (value-added return from active management) from beta (return from passively holding a portfolio) and then create optimal portfolios of each. At Bridgewater, we manage money for clients across most major asset classes by replicating a client benchmark and overlying the benchmark with […]

Hedge Fund Sector Review

Hedge Funds Have produced generally positive performance YTD in 2013 through May with fundamental and tactical trading managers benefiting from a more favorable macro economic backdrop and supportive market conditions. Equity  L/S Equity Long/Short managers have generated positive YTD performance through May. While monthly returns have been consistently positive, performance in recent months has been […]

So You Think You Can Start a Hedge Fund? How to Become the Next Ken Griffin, Part 1 – Getting Up and Running

  First, the bad news: you haven’t picked the best time to start a hedge fund (assuming that you are reading this anywhere in between 2011 and the present day). It was much better to get into the gameearly – i.e. the late 90′s or early 2000′s – before everyone else also wanted to start their own […]