In London hedge funds are working hard to change their image, and one of the first steps they are taking is moving out of exclusive Mayfair and finding humbler digs in more ‘down-to-business’ parts of London. Mayfair has long been the denizen of the hottest hedge fund firms, as well as the most expensive office…
Ten Best-Performing Hedge Funds of 2011
Though many hedge funds struggled throughout 2011, some managed to end the year with significant returns. The ten best-performing hedge funds of 2011, according to Bloomberg Markets Magazine, are: Tiger Global, with a return of 45% Renaissance, with a return of 33.1% Pure Alpha II, with a return of 23.5% Discus, with a return of…
Company Spotlight: Och-Ziff Capital Management Group
Och-Ziff Capital Management Group is a global alternative asset management firm as well as an American hedge fund manager. At the beginning of 2011 OZM was managing over $28 billion in assets. The firm is large, with over 400 people employed throughout the world with offices located in Beijing, Mumbai, Hong Kong, London, and New…
High Water Women Launch 7th Annual Casino Night
High Water Women, a small group of women from the hedge fund community, are preparing to launch their 7th annual Casino Night in support of a charity that provides volunteer opportunities for women and youth. With more than 2,300 members throughout the financial services sector, High Water Women has partnerships with 15 charitable foundations. Named…
Company Spotlight: Appaloosa Management
Appaloosa Management is an employee-owned hedge fund established in 1993 by David Tepper and Jack Walton in New Jersey, USA. Appaloosa Management runs four investment firms, including its offshore Palamino Fund LTD, two versions of the Thoroughbred fund, both offshore and onshore, and its leading fund, Appaloosa Investment. The firm invests in both public equity…
Mark Wightman on Capula’s Expansion and the Asian Market
Capula Investment Management, the $13 billion hedge fund linked to Goldman Sachs, plans to expand to Hong Kong. Asia’s hedge fund market has proven relatively challenging despite the region’s economic growth, but several funds have chosen Hong Kong as their home base, including Paulson & Co and Soros Fund Management. SunGard’s Mark Wightman commented on…
The Top Five Reasons to Work in the Hedge Fund Industry
Are you a business student or otherwise employed in the financial sector and are looking for a change? Consider working in the hedge fund sector for the following five excellent reasons: 1. The work is challenging and often even invigorating. Being successful requires a variety of skills whether you end up designing funds, planning strategies…
Investors Surprised as Alcoa Posts Gains
As global markets for aluminum improve in the automobile and aerospace industries, Alcoa Inc showed significant improvement in profits for the first quarter of 2012, after posting losses at the end of 2011. In the face of analysts’ predictions that Alcoa Inc would come away from 2011’s first quarter in the red, the gains stimulated…
Spotlight on Companies: United Services Automobile Association
Despite the fact that the United Services Automobile Association is not “in-your-face” like some other of America’s largest companies, it ranked 145 in 2011 on the Fortune 500 list of revenue makers. Even more impressive, however is that it ranked 17th in a list of America’s best companies to work for. Judged by revenue alone…