Despite previous intentions to remain inside the bank as the U.S. undergoes regulatory changes, a JPMorgan trader team is preparing to launch what will be one of the largest hedge fund startups this year. The fund, called Whard Stewart, will be launched in the second quarter by JPMorgan global head of propriety Mike Stewart. Though…
Tag Archive: Hedge Fund Industry
U.S. Hedge Funds Should Focus on Retail
U.S. hedge funds struggling to promote their businesses are considering developing products for other sectors, like retail. Daniel Celeghin of Casey Quirk said “Globally, institutional capital invested in hedge funds and funds of funds represents about $1.1 trillion. However, in the retail world, the amount in hedge funds is very s small. “Of the $11…
Hedge Fund Industry Begins to Recover
January’s upbeat performance has lowered client exits from hedge funds to a record low. Outflows were just 0.53%, while the GlobeOp Capital Movement Index jumped to its highest since 2008; 142.6 points. “It could be well that in a zero interest rate environment and a challenging equity market, a diversified portfolio of hedge fund investments…
Citigroup’s Guide for Start-Up Hedge Funds
Despite ups and downs in the market as the global financial situation wavers, Wall Street is still supporting hedge fund pioneers. Citigroup recently publicized a 31-page guide for hedge fund start-ups, which lists five key points in getting a fund up and running. “The Citi Prime Finance Hedge Fund Start-Up Guide is being published at…
Global Macro Hedge Funds Fall, Continue to Draw Pension Fund Investments
As markets flounder and Europe’s debt crisis festers, macro hedge funds are now facing some of the worst losses in recent history. Dow Jones Credit Suisse Core Hedge Fund tracks “Global Macro” trading strategy, which fell 10% last year; more than the entire index. In the meantime, the Standard & Poor’s 500-stock Index flatlined. “A…
Asian Hedge Funds Grow Thanks to ‘Good Governance’
According to Andrew Gordon, head of alternative investment services at BNY Mellon, Asian hedge funds are growing as they work to attract institutional money. In fact, the average size of a fund launch in Asia last year was around $40 million, the same as Europe. “Mid-sized funds did very well in Asia,” Gordon said. He…
Barclay Hedge Fund Index Reveals December Loss
The Barclay Hedge Fund Index revealed that hedge funds fell 0.38% in December, with the Index marked 5.37% lower at the end of last year. “Equity markets started the month with a sell-off, and then went on to rally going into Christmas,” Sol Waksman of BarclayHedge said. “Unfortunately, markets that see-saw can be quite difficult…
Investors Return to Hedge Funds After Punishing Them Through October
Recent data has revealed that investors across the globe have forgiven hedge funds, with firms seeing an end to months of heavy losses and regaining revenue in November. In October, investors pulled $9 billion out of hedge funds, after withdrawing $2.6 billion in September. In November, hedge fund managers saw an increase of $3.6 billion…
Hedge Funds Brace for Tough Upcoming Year
As the euro zone crisis spirals downward and economic growth collides with numerous unexpected obstacles, hedge funds are bracing themselves for a major hit. One of the worst, in fact, in over two decades. Hedge Fund Research just released data revealing that the hedge fund managers lost an average of 4.37% over the past year….