We have some bad news, as HedgeFundBlogger.com has expanded over the past few years our tools have grown larger, deeper and more time-consuming to maintain. At the same time our firm has brought on a few additional staff members to help us keep offering networking events and premium-only resources but it hasn’t been enough to keep up with the 150,000 email inquiries we now receive each year.
At the same time the Hedge Fund Group (HFG) has expanded to over 25,000 members and our online blog readership is at over 1.5 million pageviews each quarter and while we appreciate the following, keeping up with the email and phone call communications is too much for our limited team.
Our solution is to launch a premium version of the Hedge Fund Group (HFG). This solution will offer a weekly video summary of the news, bi-monthly networking events, a hedge fund salary calculator, a library of premium original videos created by our team, a career workbook, a guide to raising capital for hedge funds, and hedge fund business tools and resources. The first 1,000 professionals can join for just $1 for the first month in return for some feedback on what else we could add to make this service worth far more than the small monthly subscription of $27. Please stay tuned for more details and networking event announcements.
Tags: getting a hedge fund job, how to get a job in hedge funds, getting an investment job, help getting hedge fund jobs, getting into the hedge fund industry, hedge fund, hedge funds
Today on July 15th, 2009 at 2PM EST the CHA Designation opens for registration to an additional 200 professionals for the Fall 2009 Session. Level 1 of the CHA Designation teaches hedge fund fundamentals while Level 2 has an option to specialize in hedge fund marketing and sales. There are several marketers currently completing this program.
Below are a number of testimonials direct from current and past participants within the CHA Designation Program. These quotes offer insight into why others in similar situations are registering for this program.
Testimonial #1: Andy R. | Hedge Fund Manager
“As a former Hedge Fund manager, looking to launch a new fund in the next year, I was intrigued by the prospect of increasing my knowledge and understanding of a variety of platforms, strategies, and new regulations that are likely to come through the CHA. I believe that this designation is a long overdue way to separate the wheat from the chaff in an industry that, while currently in a down cycle, will remain as an integral component for financial planning and asset allocation in the future.”
Testimonial #2: B.R. Aravind | Hedge Fund Associate
Transcript from Video Above: “To start with my objective was to work for a hedge fund manage a portfolio of my own a few years from now. While I was trying to learn the basics of the hedge fund industry I found the certification program ran by the Hedge Fund Group (HFG). This lead me to enroll into this hedge fund certification program they provided many helpful internship and career related articles. This gave me the right exposure on the industry and eventually got me an internship with the Hedge Fund Group. During this internship I was given many responsibilities on hedge funds, due diligence they use, risk management processes they use and holdings analysis work using SEC 13F Holdings filings. I am working with the Hedge Fund Group (HFG) to help provide a platform of working with hedge fund managers further throughout the rest of my career. Thank you”
Testimonial #3: Technical Analyst For Wachovia | Sumeer Kapila, Level 1 CHA, CFA Level 3 Candidate
“CHA designation is focused program. A program which details and provide inside information of hedge fund industry standards and strategies. The study guide provide you the rules of the game keeping you informed about the legal and regulatory perspective. This program helps you to keep the integrity of the market by raising industry standards”.
Testimonial #4: Job Title: Hedge Fund Manager
Why are you earning the CHA Designation?“I have been tracking the develop of this designation for several months now and now that I’m running my own hedge fund I need more of a broad base of hedge fund industry knowledge. In the past as a trader I have learned a lot about investing and alternative asset types but I’m completing this course to learn more about the structure and direction of the industry.”
Testimonial #5 J.P.: Hedge Fund Manager (Partner)
“Among the critical reasons I joined a hedge fund are the minimization of bureaucracy, an innovation-friendly environment, and the community of intellectual and self-motivated individuals. To me, the Hedge Fund Group and now the CHA designation embody these principles and will come to represent a unique brand of individuals in the hedge fund space.”
Testimonial #6: Nick Asmus | Equities Trader
Transcripted Text: “The hedge fund industry is becoming more popular every day and more competitive as well. This is why I believe the hedge fund certification program is a good way to show potential employers that you are dedicated to the industry. In college I ran the financial management association, after that I worked as a financial analyst and now I have been an equity trader for three years. For me it makes sense to show how I serious I am about learning about hedge funds, the CHA provides a great intensity of focus on hedge funds showing you are interested in the industry and driven to succeed. Most importantly it shows that you really are driven and you know the knowledge, you have a good foundation of basic hedge fund principles and in Level 2 of the CHA you can get more in-depth and show where your expertise is based, I recommend this program to everyone”.
Testimonial #7: Marc Oliver
“I have over 20+ years in the financial market industry with 15 securities licenses as well as other designation which includes FINRA Arbitration/ Mediation Panelist. Additionally, I am or have been a member of various industry related regulatory groups. Most notably, I have been on the Regulatory/ Compliance side in the financial Market for the last 11 years, having even served as Head of Compliance, with an emphasis towards providing regulatory oversight for trade compliance (Listed/ NASDAQ/ Program Trading). My objective going forward is to focus on Hedge Fund Compliance oversight and though I am currently pursuing my Juris Doctorate I believe that the CHA designation would give the proper foundation as well professional accreditation coupled with my current investment advisory experience for such a career transition.”
Testimonial #8: Private Wealth Management Executive, CHA Level 1 Fall 2008
“The Hedge Fund Group stands at the forefront of our industry’s progressive growth, providing a designation which will prove invaluable and recognizable world-wide. With impeccable timing, the Chartered Head Fund Associate (CHA) designation is emerging into the best buyers’ market of our lifetimes. In this CFP and CFA jungle, mark yourself with the CHA and become a distinct industry leader. Treat yourself as an investment in an emerging market and enjoy reaping the rewards of your future. In the world of alternative investments, there’s no substitute for the CHA designation.”
Testimonial #9: Dominic Di Bernardo – Student
“I am taking this hedge fund certification program to expand my knowledge base of the hedge fund industry (There is little learned in school about this industry). I also believe that this designation will give me an edge over others trying to enter the industry. And lastly I believe that I will be able to gain valuable contacts through this programs website, other designation candidates, and anyone else that stands behind this designation”.
Transcript of video above: “I am a algorithmic trader for the forex markes. I have been searching for a training program related to the markets and hedge funds but I could not find any suitable until a firend told me about the Certified Hedge Fund Professional (CHP) Exam. This program helps me build credibility in the market place and adds to my relevant experience in the field. I believe the CHP is what is needed to step inside the hedge fund industry”.
Testimonial #11: Professional Placement Agent for Hedge Funds
“The Hedge Fund Group (HFG) has been fabulous. They answer every question quickly, accurately and professionally. It’s this stuff that, quite simply, builds credibility. For once I’m actually studying something
Testimonial #12: Derivative/Technical analyst for a leading broking firm
“The CHA program is of the best courses I could find in the market for someone who wants to enter the world of alternative investments. Not only is the course vigorous and up to date, but they also help you with access to industry recruiters for career advice and job opportunities. Another reason I registered was so that I could build my contacts in the investment world through the Hedge Fund Group. To me the value was in the complete package for a successful career in the field of alternative investments.”
Testimonial #13: Algorithmic Trader for a Private Capital Group
“I am an algorithmic trading software developer working for a capital firm. I have been doing just-in-time learning all the time, in an undisciplined fashion. I think the goal of achieving a CHA Designation would enforce a formal approach to my education in this dynamic field. Besides, in my readings, I am hitting areas and terms I did not know, like – Tranches etc. CHA Designation would give me the confidence of a firm background knowledge, in pursuing my career.”
Testimonial #14: Bob Beller Executive Vice President at a Financial Advisory Firm
“I’ve been involved in all aspects of the financial services industry over the past twenty-five years – legal and compliance, commodity pool owner and operator, hedge fund-of-funds principal and operator, domestic and international…you name it. If there’s anything I’ve learned over the years it’s that no business and no individual entrepreneur can sustain success over time without integrity and objective standards through which to measure core competence. Integrity comes from within. Objective standards are established by progressive thinkers. For me, the concept of CHA Designation is at the cutting edge of an industry that requires more uniform and measurable standards. That’s where I want to be for people I represent and that’s exactly what I want to pass along to people I mentor. Timing is everything.”
Testimonial #15: Jennifer Hrabik | Wealth Management Associate
“Early on in my finance career I recognized I am very interested in alternatives and knew that learning more about this area would give me a competitive edge. I researched programs and found the CHA Designation to be the best as it also provides networking and mentor opportunities. It excites me that the program is new and I can be one of the first in the industry to earn this designation. I also like the two level approach. Level one provides a thorough overview of the hedge fund industry while level two focuses on training for a specific role. For someone just a few years into their career, level two is really helpful in narrowing down what you want to “major” in.”
Testimonial #16 Soumen Gopal.: Hedge Fund Manager (Partner)
Transcript of Video Above: “There are three reasons why I joined this hedge fund certification program. The first reason is the focus, this program is focused very deeply on the hedge fund industry, performance and investment strategies and this is tailored to my needs. The other important point about this program is the speed of completion, many programs take much longer to complete. The last reason was the networking benefits, you can come out of this program and attend networking events and meet others in the indsutry and this is very helpful.”
Note: The H Media Group runs both this website and this hedge fund certification program. This article is being published to announce the opening of registration within this program for Fall 2009. Learn more about the hedge fund certification at http://HedgeFundCertification.com.
Tags: Hedge Fund, Hedge Funds, Hedge Fund Training, Alternative Investment Training, Hedge Fund Career Training, Hedge Fund Certification, Hedge Fund Certification Program
Below please find a 13F analysis report for Basswood Capital Management for Q1 2009. 13F analyses are reports that fund managers with over $100M are required to submit to the SEC, they are publicly available and these reports provide us with some insights on what some hedge fund managers have been investing in.
Founded in 1994 and managed by Matthew and Bennett Lindenbaum, Basswood is a New York-based long/short equity hedge fund with a value-oriented approach.
Mentioned below are some of the holdings of Basswood Capital.
• (AAP) Advance Auto Parts • (AF) Astoria Financial Corp • (BAC) Bank Of America Corporation • (BDC) Belden Inc • (BECN) Beacon Roofing Supply • (CBE) Copper Industries Limited • (IWN) Ishares Russel 2000 • (FIS)Fidelity National Informational Service • (JPM) Jp Morgan Chase • (RSP)Rydex S&P Equal Weight • (SPY)Spdr Trust Series 1 • (TOL) Toll Brothers • (USB) US Bancorp • (WAG) Wallgreens Co • (WFC) Wells Fargo & Company
Using the TickerSpy portfolio analysis tool the graph to the left was created showing the approximate equity performance for Basswood Capital management over the previous six months. According to this analysis Basswood Capital Management ‘s equity picks have been overperforming against the S & P 500 recently
The top 5 highest performing equities which for Basswood Capital Management held as of this 13F filing include (BAC), (BDC), (RSP), (WFC) and (JPM)
According to AlpaClone data on for Basswood Capital Management 42% of their equity portfolio is invested within the Financial sector. The total equity value of for Perry Capital management is 500M+, their total number of reported holdings is 150, and over 42% of the market value of this portfolio is represented within the top 10 holdings.
For more information on for Basswood Capital Management please see the HedgeFundBlogger.com Hedge Fund Tracker Profile on for Basswood Capital Management by clicking here.
Today on July 15th, 2009 at 2PM EST the CHP Designation opens for registration to an additional 200 professionals for the Fall 2009 Session.
Below are a number of testimonials direct from current and past participants within the CHP Designation Program. These quotes offer insight into why others in similar situations are registering for this program.
Testimonial #1: Andy R. | Hedge Fund Manager
“As a former Hedge Fund manager, looking to launch a new fund in the next year, I was intrigued by the prospect of increasing my knowledge and understanding of a variety of platforms, strategies, and new regulations that are likely to come through the CHA. I believe that this designation is a long overdue way to separate the wheat from the chaff in an industry that, while currently in a down cycle, will remain as an integral component for financial planning and asset allocation in the future.”
Testimonial #2: B.R. Aravind | Hedge Fund Associate
Transcript from Video Above: “To start with my objective was to work for a hedge fund manage a portfolio of my own a few years from now. While I was trying to learn the basics of the hedge fund industry I found the certification program ran by the Hedge Fund Group (HFG). This lead me to enroll into this hedge fund certification program they provided many helpful internship and career related articles. This gave me the right exposure on the industry and eventually got me an internship with the Hedge Fund Group. During this internship I was given many responsibilities on hedge funds, due diligence they use, risk management processes they use and holdings analysis work using SEC 13F Holdings filings. I am working with the Hedge Fund Group (HFG) to help provide a platform of working with hedge fund managers further throughout the rest of my career. Thank you”
Testimonial #3: Technical Analyst For Wachovia | Sumeer Kapila, Level 1 CHA, CFA Level 3 Candidate
“CHA designation is focused program. A program which details and provide inside information of hedge fund industry standards and strategies. The study guide provide you the rules of the game keeping you informed about the legal and regulatory perspective. This program helps you to keep the integrity of the market by raising industry standards”.
Testimonial #4: Job Title: Hedge Fund Manager
Why are you earning the CHA Designation?“I have been tracking the develop of this designation for several months now and now that I’m running my own hedge fund I need more of a broad base of hedge fund industry knowledge. In the past as a trader I have learned a lot about investing and alternative asset types but I’m completing this course to learn more about the structure and direction of the industry.”
Testimonial #5 J.P.: Hedge Fund Manager (Partner)
“Among the critical reasons I joined a hedge fund are the minimization of bureaucracy, an innovation-friendly environment, and the community of intellectual and self-motivated individuals. To me, the Hedge Fund Group and now the CHA designation embody these principles and will come to represent a unique brand of individuals in the hedge fund space.”
Testimonial #6: Nick Asmus | Equities Trader
Transcripted Text: “The hedge fund industry is becoming more popular every day and more competitive as well. This is why I believe the hedge fund certification program is a good way to show potential employers that you are dedicated to the industry. In college I ran the financial management association, after that I worked as a financial analyst and now I have been an equity trader for three years. For me it makes sense to show how I serious I am about learning about hedge funds, the CHA provides a great intensity of focus on hedge funds showing you are interested in the industry and driven to succeed. Most importantly it shows that you really are driven and you know the knowledge, you have a good foundation of basic hedge fund principles and in Level 2 of the CHA you can get more in-depth and show where your expertise is based, I recommend this program to everyone”.
Testimonial #7: Marc Oliver
“I have over 20+ years in the financial market industry with 15 securities licenses as well as other designation which includes FINRA Arbitration/ Mediation Panelist. Additionally, I am or have been a member of various industry related regulatory groups. Most notably, I have been on the Regulatory/ Compliance side in the financial Market for the last 11 years, having even served as Head of Compliance, with an emphasis towards providing regulatory oversight for trade compliance (Listed/ NASDAQ/ Program Trading). My objective going forward is to focus on Hedge Fund Compliance oversight and though I am currently pursuing my Juris Doctorate I believe that the CHA designation would give the proper foundation as well professional accreditation coupled with my current investment advisory experience for such a career transition.”
Testimonial #8: Private Wealth Management Executive, CHA Level 1 Fall 2008
“The Hedge Fund Group stands at the forefront of our industry’s progressive growth, providing a designation which will prove invaluable and recognizable world-wide. With impeccable timing, the Certified Head Fund Professional (CHP) designation is emerging into the best buyers’ market of our lifetimes. In this CFP and CFA jungle, mark yourself with the CHP and become a distinct industry leader. Treat yourself as an investment in an emerging market and enjoy reaping the rewards of your future. In the world of alternative investments, there’s no substitute for the CHP designation.”
Testimonial #9: Dominic Di Bernardo – Student
“I am taking this hedge fund certification program to expand my knowledge base of the hedge fund industry (There is little learned in school about this industry). I also believe that this designation will give me an edge over others trying to enter the industry. And lastly I believe that I will be able to gain valuable contacts through this programs website, other designation candidates, and anyone else that stands behind this designation”.
Transcript of video above: “I am a algorithmic trader for the forex markes. I have been searching for a training program related to the markets and hedge funds but I could not find any suitable until a firend told me about the Certified Hedge Fund Professional (CHP) Exam. This program helps me build credibility in the market place and adds to my relevant experience in the field. I believe the CHP is what is needed to step inside the hedge fund industry”.
Testimonial #11: Professional Placement Agent for Hedge Funds
“The Hedge Fund Group (HFG) has been fabulous. They answer every question quickly, accurately and professionally. It’s this stuff that, quite simply, builds credibility. For once I’m actually studying something
Testimonial #12: Derivative/Technical analyst for a leading broking firm
“The CHP program is of the best courses I could find in the market for someone who wants to enter the world of alternative investments. Not only is the course vigorous and up to date, but they also help you with access to industry recruiters for career advice and job opportunities. Another reason I registered was so that I could build my contacts in the investment world through the Hedge Fund Group. To me the value was in the complete package for a successful career in the field of alternative investments.”
Testimonial #13: Algorithmic Trader for a Private Capital Group
“I am an algorithmic trading software developer working for a capital firm. I have been doing just-in-time learning all the time, in an undisciplined fashion. I think the goal of achieving a CHP Designation would enforce a formal approach to my education in this dynamic field. Besides, in my readings, I am hitting areas and terms I did not know, like – Tranches etc. CHP Designation would give me the confidence of a firm background knowledge, in pursuing my career.”
Testimonial #14: Bob Beller Executive Vice President at a Financial Advisory Firm
“I’ve been involved in all aspects of the financial services industry over the past twenty-five years – legal and compliance, commodity pool owner and operator, hedge fund-of-funds principal and operator, domestic and international…you name it. If there’s anything I’ve learned over the years it’s that no business and no individual entrepreneur can sustain success over time without integrity and objective standards through which to measure core competence. Integrity comes from within. Objective standards are established by progressive thinkers. For me, the concept of CHA Designation is at the cutting edge of an industry that requires more uniform and measurable standards. That’s where I want to be for people I represent and that’s exactly what I want to pass along to people I mentor. Timing is everything.”
Testimonial #15: Jennifer Hrabik | Wealth Management Associate
“Early on in my finance career I recognized I am very interested in alternatives and knew that learning more about this area would give me a competitive edge. I researched programs and found the CHA Designation to be the best as it also provides networking and mentor opportunities. It excites me that the program is new and I can be one of the first in the industry to earn this designation. I also like the two level approach. Level one provides a thorough overview of the hedge fund industry while level two focuses on training for a specific role. For someone just a few years into their career, level two is really helpful in narrowing down what you want to “major” in.”
Testimonial #16 Soumen Gopal.: Hedge Fund Manager (Partner)
Transcript of Video Above: “There are three reasons why I joined this hedge fund certification program. The first reason is the focus, this program is focused very deeply on the hedge fund industry, performance and investment strategies and this is tailored to my needs. The other important point about this program is the speed of completion, many programs take much longer to complete. The last reason was the networking benefits, you can come out of this program and attend networking events and meet others in the indsutry and this is very helpful.”
Note: The H Media Group runs both this website and this hedge fund certification program. This article is being published to announce the opening of registration within this program for Fall 2009. Learn more about the hedge fund certification at http://HedgeFundCertification.com.
Tags: Hedge Fund, Hedge Funds, Hedge Fund Training, Alternative Investment Training, Hedge Fund Career Training, Hedge Fund Certification, Hedge Fund Certification Program
(First published on Commodities & Futures Guide.com) The futures and commodities markets are two vital parts of the investment world but represent two very different things altogether. Commodities markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts. The futures market is an auction market in which participants buy and sell future contracts for delivery on a specified future date. Trading is carried on through open yelling and hand signals in a trading pit.
A commodities market serves the purpose of allowing two individuals to exchange the rights to goods without visual inspection. Commodity markets require the existence of agreed standards opposed to spot markets where delivery either takes place immediately, or with a minimum lag and normally involves visual inspection of the commodity or a sample of the commodity. A forward contract is an agreement between two parties to exchange at some fixed future date a given quantity of a commodity for a price defined today (buy now, pay later). Forward contracts have evolved and have been standardized into what we know today as futures contracts.
A futures contract is a type of derivative instrument, or financial contract, in which two parties agree to transact a set of financial instruments or physical commodities for future delivery at a particular price. If you buy a futures contract, you are basically agreeing to buy something that a seller has not yet produced for a set price. But participating in the futures market does not necessarily mean that you will be responsible for receiving or delivering large inventories of physical commodities – remember, buyers and sellers in the futures market primarily enter into futures contracts to hedge risk or speculate rather than to exchange physical goods.
That is why futures are used as financial instruments by not only producers and consumers but also speculators. The futures market allows buyers and sellers an opportunity to manage price risks for goods they will either need to purchase or sell at a later date. An example is Boeing utilizing the futures market to hedge against an increase in the cost of aluminum at a later date which is a major component in the manufacture of an aircraft (i.e. hedging).Unlike a stock, which represents equity in a company and can be held for a long time, if not indefinitely, futures contracts have finite lives.
Related to Futures and Commodities Market | Definition & Explanation
Tags: hedge fund, hedge funds, commodities, futures, futures and commodities market, what is a futures and commodities market, commodity, futures definition, alternative investments
Today on July 15th, 2009 at 2PM EST the CHP Designation opens for registration to an additional 200 professionals for the Fall 2009 Session.
Below are a number of testimonials direct from current and past participants within the CHP Designation Program. These quotes offer insight into why others in similar situations are registering for this program.
Testimonial #1: Andy R. | Hedge Fund Manager
“As a former Hedge Fund manager, looking to launch a new fund in the next year, I was intrigued by the prospect of increasing my knowledge and understanding of a variety of platforms, strategies, and new regulations that are likely to come through the CHP. I believe that this designation is a long overdue way to separate the wheat from the chaff in an industry that, while currently in a down cycle, will remain as an integral component for financial planning and asset allocation in the future.”
Testimonial #2: B.R. Aravind | Hedge Fund Associate
Transcript from Video Above: “To start with my objective was to work for a hedge fund manage a portfolio of my own a few years from now. While I was trying to learn the basics of the hedge fund industry I found the certification program ran by the Hedge Fund Group (HFG). This lead me to enroll into this hedge fund certification program they provided many helpful internship and career related articles. This gave me the right exposure on the industry and eventually got me an internship with the Hedge Fund Group. During this internship I was given many responsibilities on hedge funds, due diligence they use, risk management processes they use and holdings analysis work using SEC 13F Holdings filings. I am working with the Hedge Fund Group (HFG) to help provide a platform of working with hedge fund managers further throughout the rest of my career. Thank you”
Testimonial #3: Technical Analyst For Wachovia | Sumeer Kapila, Level 1 CHA, CFA Level 3 Candidate
“CHP designation is focused program. A program which details and provide inside information of hedge fund industry standards and strategies. The study guide provide you the rules of the game keeping you informed about the legal and regulatory perspective. This program helps you to keep the integrity of the market by raising industry standards”.
Testimonial #4: Job Title: Hedge Fund Manager
Why are you earning the CHP Designation?“I have been tracking the develop of this designation for several months now and now that I’m running my own hedge fund I need more of a broad base of hedge fund industry knowledge. In the past as a trader I have learned a lot about investing and alternative asset types but I’m completing this course to learn more about the structure and direction of the industry.”
Testimonial #5 J.P.: Hedge Fund Manager (Partner)
“Among the critical reasons I joined a hedge fund are the minimization of bureaucracy, an innovation-friendly environment, and the community of intellectual and self-motivated individuals. To me, the Hedge Fund Group and now the CHP designation embody these principles and will come to represent a unique brand of individuals in the hedge fund space.”
Testimonial #6: Nick Asmus | Equities Trader
Transcripted Text: “The hedge fund industry is becoming more popular every day and more competitive as well. This is why I believe the hedge fund certification program is a good way to show potential employers that you are dedicated to the industry. In college I ran the financial management association, after that I worked as a financial analyst and now I have been an equity trader for three years. For me it makes sense to show how I serious I am about learning about hedge funds, the CHP provides a great intensity of focus on hedge funds showing you are interested in the industry and driven to succeed. Most importantly it shows that you really are driven and you know the knowledge, you have a good foundation of basic hedge fund principles and in Level 2 of the CHP you can get more in-depth and show where your expertise is based, I recommend this program to everyone”.
Testimonial #7: Marc Oliver
“I have over 20+ years in the financial market industry with 15 securities licenses as well as other designation which includes FINRA Arbitration/ Mediation Panelist. Additionally, I am or have been a member of various industry related regulatory groups. Most notably, I have been on the Regulatory/ Compliance side in the financial Market for the last 11 years, having even served as Head of Compliance, with an emphasis towards providing regulatory oversight for trade compliance (Listed/ NASDAQ/ Program Trading). My objective going forward is to focus on Hedge Fund Compliance oversight and though I am currently pursuing my Juris Doctorate I believe that the CHP designation would give the proper foundation as well professional accreditation coupled with my current investment advisory experience for such a career transition.”
“The Hedge Fund Group stands at the forefront of our industry’s progressive growth, providing a designation which will prove invaluable and recognizable world-wide. With impeccable timing, the Certified Hedge Fund Professional (CHP) designation is emerging into the best buyers’ market of our lifetimes. In this CFP and CFA jungle, mark yourself with the CHP and become a distinct industry leader. Treat yourself as an investment in an emerging market and enjoy reaping the rewards of your future. In the world of alternative investments, there’s no substitute for the CHP designation.”
Testimonial #9: Dominic Di Bernardo – Student
“I am taking this hedge fund certification program to expand my knowledge base of the hedge fund industry (There is little learned in school about this industry). I also believe that this designation will give me an edge over others trying to enter the industry. And lastly I believe that I will be able to gain valuable contacts through this programs website, other designation candidates, and anyone else that stands behind this designation”.
Transcript of video above: “I am a algorithmic trader for the forex markes. I have been searching for a training program related to the markets and hedge funds but I could not find any suitable until a firend told me about the Certified Hedge Fund Professional (CHP) Exam. This program helps me build credibility in the market place and adds to my relevant experience in the field. I believe the CHP is what is needed to step inside the hedge fund industry”.
Testimonial #11: Professional Placement Agent for Hedge Funds
“The Hedge Fund Group (HFG) has been fabulous. They answer every question quickly, accurately and professionally. It’s this stuff that, quite simply, builds credibility. For once I’m actually studying something
Testimonial #12: Derivative/Technical analyst for a leading broking firm
“The CHP program is of the best courses I could find in the market for someone who wants to enter the world of alternative investments. Not only is the course vigorous and up to date, but they also help you with access to industry recruiters for career advice and job opportunities. Another reason I registered was so that I could build my contacts in the investment world through the Hedge Fund Group. To me the value was in the complete package for a successful career in the field of alternative investments.”
Testimonial #13: Algorithmic Trader for a Private Capital Group
“I am an algorithmic trading software developer working for a capital firm. I have been doing just-in-time learning all the time, in an undisciplined fashion. I think the goal of achieving a CHP Designation would enforce a formal approach to my education in this dynamic field. Besides, in my readings, I am hitting areas and terms I did not know, like – Tranches etc. CHP Designation would give me the confidence of a firm background knowledge, in pursuing my career.”
Testimonial #14: Bob Beller Executive Vice President at a Financial Advisory Firm
“I’ve been involved in all aspects of the financial services industry over the past twenty-five years – legal and compliance, commodity pool owner and operator, hedge fund-of-funds principal and operator, domestic and international…you name it. If there’s anything I’ve learned over the years it’s that no business and no individual entrepreneur can sustain success over time without integrity and objective standards through which to measure core competence. Integrity comes from within. Objective standards are established by progressive thinkers. For me, the concept of CHP Designation is at the cutting edge of an industry that requires more uniform and measurable standards. That’s where I want to be for people I represent and that’s exactly what I want to pass along to people I mentor. Timing is everything.”
Testimonial #15: Jennifer Hrabik | Wealth Management Associate
“Early on in my finance career I recognized I am very interested in alternatives and knew that learning more about this area would give me a competitive edge. I researched programs and found the CHP Designation to be the best as it also provides networking and mentor opportunities. It excites me that the program is new and I can be one of the first in the industry to earn this designation. I also like the two level approach. Level one provides a thorough overview of the hedge fund industry while level two focuses on training for a specific role. For someone just a few years into their career, level two is really helpful in narrowing down what you want to “major” in.”
Testimonial #16 Soumen Gopal.: Hedge Fund Manager (Partner)
Transcript of Video Above: “There are three reasons why I joined this hedge fund certification program. The first reason is the focus, this program is focused very deeply on the hedge fund industry, performance and investment strategies and this is tailored to my needs. The other important point about this program is the speed of completion, many programs take much longer to complete. The last reason was the networking benefits, you can come out of this program and attend networking events and meet others in the indsutry and this is very helpful.”
Note: The H Media Group runs both this website and this hedge fund certification program. This article is being published to announce the opening of registration within this program for Fall 2009. Learn more about the hedge fund certification at http://HedgeFundCertification.com.
Tags: Hedge Fund, Hedge Funds, Hedge Fund Training, Alternative Investment Training, Hedge Fund Career Training, Hedge Fund Certification, Hedge Fund Certification Program
Today on July 15th, 2009 at 2PM EST the CHP Designation opens for registration to an additional 200 professionals for the Fall 2009 Session.
Below are a number of testimonials direct from current and past participants within the CHP Designation Program. These quotes offer insight into why others in similar situations are registering for this program.
Testimonial #1: Andy R. | Hedge Fund Manager
“As a former Hedge Fund manager, looking to launch a new fund in the next year, I was intrigued by the prospect of increasing my knowledge and understanding of a variety of platforms, strategies, and new regulations that are likely to come through the CHP. I believe that this designation is a long overdue way to separate the wheat from the chaff in an industry that, while currently in a down cycle, will remain as an integral component for financial planning and asset allocation in the future.”
Testimonial #2: B.R. Aravind | Hedge Fund Associate
Transcript from Video Above: “To start with my objective was to work for a hedge fund manage a portfolio of my own a few years from now. While I was trying to learn the basics of the hedge fund industry I found the certification program ran by the Hedge Fund Group (HFG). This lead me to enroll into this hedge fund certification program they provided many helpful internship and career related articles. This gave me the right exposure on the industry and eventually got me an internship with the Hedge Fund Group. During this internship I was given many responsibilities on hedge funds, due diligence they use, risk management processes they use and holdings analysis work using SEC 13F Holdings filings. I am working with the Hedge Fund Group (HFG) to help provide a platform of working with hedge fund managers further throughout the rest of my career. Thank you”
Testimonial #3: Technical Analyst For Wachovia | Sumeer Kapila, Level 1 CHP, CFA Level 3 Candidate
“CHP designation is focused program. A program which details and provide inside information of hedge fund industry standards and strategies. The study guide provide you the rules of the game keeping you informed about the legal and regulatory perspective. This program helps you to keep the integrity of the market by raising industry standards”.
Testimonial #4: Job Title: Hedge Fund Manager
Why are you earning the CHP Designation?“I have been tracking the develop of this designation for several months now and now that I’m running my own hedge fund I need more of a broad base of hedge fund industry knowledge. In the past as a trader I have learned a lot about investing and alternative asset types but I’m completing this course to learn more about the structure and direction of the industry.”
Testimonial #5 J.P.: Hedge Fund Manager (Partner)
“Among the critical reasons I joined a hedge fund are the minimization of bureaucracy, an innovation-friendly environment, and the community of intellectual and self-motivated individuals. To me, the Hedge Fund Group and now the CHP designation embody these principles and will come to represent a unique brand of individuals in the hedge fund space.”
Testimonial #6: Nick Asmus | Equities Trader
Transcripted Text: “The hedge fund industry is becoming more popular every day and more competitive as well. This is why I believe the hedge fund certification program is a good way to show potential employers that you are dedicated to the industry. In college I ran the financial management association, after that I worked as a financial analyst and now I have been an equity trader for three years. For me it makes sense to show how I serious I am about learning about hedge funds, the CHP provides a great intensity of focus on hedge funds showing you are interested in the industry and driven to succeed. Most importantly it shows that you really are driven and you know the knowledge, you have a good foundation of basic hedge fund principles and in Level 2 of the CHP you can get more in-depth and show where your expertise is based, I recommend this program to everyone”.
Testimonial #7: Marc Oliver
“I have over 20+ years in the financial market industry with 15 securities licenses as well as other designation which includes FINRA Arbitration/ Mediation Panelist. Additionally, I am or have been a member of various industry related regulatory groups. Most notably, I have been on the Regulatory/ Compliance side in the financial Market for the last 11 years, having even served as Head of Compliance, with an emphasis towards providing regulatory oversight for trade compliance (Listed/ NASDAQ/ Program Trading). My objective going forward is to focus on Hedge Fund Compliance oversight and though I am currently pursuing my Juris Doctorate I believe that the CHP designation would give the proper foundation as well professional accreditation coupled with my current investment advisory experience for such a career transition.”
“The Hedge Fund Group stands at the forefront of our industry’s progressive growth, providing a designation which will prove invaluable and recognizable world-wide. With impeccable timing, the Certified Head Fund Professional (CHP) designation is emerging into the best buyers’ market of our lifetimes. In this CFP and CFA jungle, mark yourself with the CHP and become a distinct industry leader. Treat yourself as an investment in an emerging market and enjoy reaping the rewards of your future. In the world of alternative investments, there’s no substitute for the CHP designation.”
Testimonial #9: Dominic Di Bernardo – Student
“I am taking this hedge fund certification program to expand my knowledge base of the hedge fund industry (There is little learned in school about this industry). I also believe that this designation will give me an edge over others trying to enter the industry. And lastly I believe that I will be able to gain valuable contacts through this programs website, other designation candidates, and anyone else that stands behind this designation”.
Transcript of video above: “I am a algorithmic trader for the forex markes. I have been searching for a training program related to the markets and hedge funds but I could not find any suitable until a firend told me about the Certified Hedge Fund Professional (CHP) Exam. This program helps me build credibility in the market place and adds to my relevant experience in the field. I believe the CHP is what is needed to step inside the hedge fund industry”.
Testimonial #11: Professional Placement Agent for Hedge Funds
“The Hedge Fund Group (HFG) has been fabulous. They answer every question quickly, accurately and professionally. It’s this stuff that, quite simply, builds credibility. For once I’m actually studying something
Testimonial #12: Derivative/Technical analyst for a leading broking firm
“The CHP program is of the best courses I could find in the market for someone who wants to enter the world of alternative investments. Not only is the course vigorous and up to date, but they also help you with access to industry recruiters for career advice and job opportunities. Another reason I registered was so that I could build my contacts in the investment world through the Hedge Fund Group. To me the value was in the complete package for a successful career in the field of alternative investments.”
Testimonial #13: Algorithmic Trader for a Private Capital Group
“I am an algorithmic trading software developer working for a capital firm. I have been doing just-in-time learning all the time, in an undisciplined fashion. I think the goal of achieving a CHP Designation would enforce a formal approach to my education in this dynamic field. Besides, in my readings, I am hitting areas and terms I did not know, like – Tranches etc. CHP Designation would give me the confidence of a firm background knowledge, in pursuing my career.”
Testimonial #14: Bob Beller Executive Vice President at a Financial Advisory Firm
“I’ve been involved in all aspects of the financial services industry over the past twenty-five years – legal and compliance, commodity pool owner and operator, hedge fund-of-funds principal and operator, domestic and international…you name it. If there’s anything I’ve learned over the years it’s that no business and no individual entrepreneur can sustain success over time without integrity and objective standards through which to measure core competence. Integrity comes from within. Objective standards are established by progressive thinkers. For me, the concept of CHP Designation is at the cutting edge of an industry that requires more uniform and measurable standards. That’s where I want to be for people I represent and that’s exactly what I want to pass along to people I mentor. Timing is everything.”
Testimonial #15: Jennifer Hrabik | Wealth Management Associate
“Early on in my finance career I recognized I am very interested in alternatives and knew that learning more about this area would give me a competitive edge. I researched programs and found the CHP Designation to be the best as it also provides networking and mentor opportunities. It excites me that the program is new and I can be one of the first in the industry to earn this designation. I also like the two level approach. Level one provides a thorough overview of the hedge fund industry while level two focuses on training for a specific role. For someone just a few years into their career, level two is really helpful in narrowing down what you want to “major” in.”
Testimonial #16 Soumen Gopal.: Hedge Fund Manager (Partner)
Transcript of Video Above: “There are three reasons why I joined this hedge fund certification program. The first reason is the focus, this program is focused very deeply on the hedge fund industry, performance and investment strategies and this is tailored to my needs. The other important point about this program is the speed of completion, many programs take much longer to complete. The last reason was the networking benefits, you can come out of this program and attend networking events and meet others in the indsutry and this is very helpful.”
Note: The H Media Group runs both this website and this hedge fund certification program. This article is being published to announce the opening of registration within this program for Fall 2009. Learn more about the hedge fund certification at http://HedgeFundCertification.com.
Tags: Hedge Fund, Hedge Funds, Hedge Fund Training, Alternative Investment Training, Hedge Fund Career Training, Hedge Fund Certification, Hedge Fund Certification Program
(First published on Commodities & Futures Guide.com) The futures and commodities markets are two vital parts of the investment world but represent two very different things altogether. Commodities markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts. The futures market is an auction market in which participants buy and sell future contracts for delivery on a specified future date. Trading is carried on through open yelling and hand signals in a trading pit.
A commodities market serves the purpose of allowing two individuals to exchange the rights to goods without visual inspection. Commodity markets require the existence of agreed standards opposed to spot markets where delivery either takes place immediately, or with a minimum lag and normally involves visual inspection of the commodity or a sample of the commodity. A forward contract is an agreement between two parties to exchange at some fixed future date a given quantity of a commodity for a price defined today (buy now, pay later). Forward contracts have evolved and have been standardized into what we know today as futures contracts.
A futures contract is a type of derivative instrument, or financial contract, in which two parties agree to transact a set of financial instruments or physical commodities for future delivery at a particular price. If you buy a futures contract, you are basically agreeing to buy something that a seller has not yet produced for a set price. But participating in the futures market does not necessarily mean that you will be responsible for receiving or delivering large inventories of physical commodities – remember, buyers and sellers in the futures market primarily enter into futures contracts to hedge risk or speculate rather than to exchange physical goods.
That is why futures are used as financial instruments by not only producers and consumers but also speculators. The futures market allows buyers and sellers an opportunity to manage price risks for goods they will either need to purchase or sell at a later date. An example is Boeing utilizing the futures market to hedge against an increase in the cost of aluminum at a later date which is a major component in the manufacture of an aircraft (i.e. hedging).Unlike a stock, which represents equity in a company and can be held for a long time, if not indefinitely, futures contracts have finite lives.
Related to Futures and Commodities Market | Definition & Explanation
Tags: hedge fund, hedge funds, commodities, futures, futures and commodities market, what is a futures and commodities market, commodity, futures definition, alternative investments
Below please find information on a short selling tool by Sungard, a supporter of HedgeFundBlogger.com.
SunGard’s “Short Side”, service allows subscribers to gauge daily short sentiment and get a better handle on the current retail rates in the marketplace.
During a time when anything can happen on a given day, it simply is not enough to view short interest only twice a month. With Short Side, an accurate proxy for short interest (securities lending activity) is available on a daily basis, ensuring that you stay ahead of the short side of the market. Portfolio Managers, investment managers, traders and analysts currently use our Short Side data in a variety of ways, including predicting short squeezes, identifying long term holds, short selling opportunities, and for volatility trading.
Short Side Offers:
Data covering 110+ countries
Covers all asset classes
Available next day (T+1), quicker than anywhere else in the market today
No requirement to disclose your positions
Coverage of approximately 70% of the global short market
Inventory of 200,000+ securities, with 30,000 on loan at any one time
Indicates Implied Retail Rates
Can be delivered via the web application or by a secure data download
Tags: Short Selling, Short Selling Tool, Short Selling Subscription Tool, Short Selling Analysis, short market research, short equities, cost of short selling, hedge fund, hedge funds
Tags: hedge fund, hedge funds, hedge fund careers, hedge fund career, how to start a hedge fund career, hedge fund recruiting, hedge fund career tips, investment career, finance career
Below please find a short video providing a dozen hedge fund career tips to professionals who are looking to start or improve their hedge fund career. If you are viewing this via our daily hedge fund newsletter please click here to watch the embedded video below.
Tags: hedge fund, hedge funds, hedge fund careers, hedge fund career, how to start a hedge fund career, hedge fund recruiting, hedge fund career tips, investment career, finance career
Below is a video about how many emerging managers investment funds outperform the rest of the industry. The theory is that these smaller funds are more nimble, they can invest in smaller cap stocks, and they have a lot at stake and they work to protect the portfolio.
My background is in marketing and I know one of the big challenges of raising capital for both emerging and medium sized hedge funds is that everyone wants their 3, 15 or 125 checkboxes to be complete. There are so many investment managers competing for capital that investors must limit who they seriously consider and complete expensive due diligence on to those which have top percentile performance, risk management tools, track records and AUM figures. This can be very frustrating and an ongoing challenge for many managers trying to grow their business and assets under management.
I got this email earlier today from a hedge fund manager:
“It would be interesting for you to post an article on how hedge funds that are doing well in 2009 are not necessarily the ones who will get capital given stricter due diligence requirements. For example, our fund, the XXXX XXXXX Fund was up over 50% through May and is up something in the range of 65% as an estimate through June yet it is still very difficult to raise capital because nobody wants to allocate to smaller funds.”
and a follow up email from this same fund later in the day:
I have come across your page a bunch of times and I figured I would make the suggestion. When you think back to when hedge funds first became popular, having the best of the best portfolio managers manage money for the extremely wealthy was more of a status symbol than anything else. Alternative investments have obviously evolved over time. But the idea was that these investors would take some risk in order to enable their personal portfolio managers to generate outsized returns. People seem to lose sight of the fact that there is still a tremendous amount of talented, brilliant managers out there who have been through many cycles and have the capacity to do extremely in months and years to come. Now is a time when people who take risk will get richer. Yet people are so gun shy that they run the risk of overlooking the best talent and missing opportunities that may, in some cases, only be available to the 200mm or 300mm boutique shops. They lose sight of what the business is about, of what they invested with hedge funds for in the first place. Unfortunately, it has boiled down to investors being more concerned with checking boxes and analysts at institutional investment firms being more concerned with keeping their jobs than truly finding the best talent.
While I don’t agree 100% with the statement above, the manger makes a few good points and I would be interested in more feedback that other managers have about overcoming the “checkbox mentality.” If you have feedback please email me at Richard@hedgefundgroup.org.
Tags: hedge fund, hedge funds, hedge fund investor due diligence, investor due diligence process, DDQ, investor due diligence on emerging hedge fund managers
My background is in marketing and I know one of the big challenges of raising capital for both emerging and medium sized hedge funds is that everyone wants their 3, 15 or 125 checkboxes to be complete. There are so many investment managers competing for capital that investors must limit who they seriously consider and complete expensive due diligence on to those which have top percentile performance, risk management tools, track records and AUM figures. This can be very frustrating and an ongoing challenge for many managers trying to grow their business and assets under management.
I got this email earlier today from a hedge fund manager:
“It would be interesting for you to post an article on how hedge funds that are doing well in 2009 are not necessarily the ones who will get capital given stricter due diligence requirements. For example, our fund, the XXXX XXXXX Fund was up over 50% through May and is up something in the range of 60% as an estimate through June yet it is still very difficult to raise capital because nobody wants to allocate to smaller funds.”
and a follow up email from this same fund later in the day:
I have come across your page a bunch of times and I figured I would make the suggestion. When you think back to when hedge funds first became popular, having the best of the best portfolio managers manage money for the extremely wealthy was more of a status symbol than anything else. Alternative investments have obviously evolved over time. But the idea was that these investors would take some risk in order to enable their personal portfolio managers to generate outsized returns. People seem to lose sight of the fact that there is still a tremendous amount of talented, brilliant managers out there who have been through many cycles and have the capacity to do extremely in months and years to come. Now is a time when people who take risk will get richer. Yet people are so gun shy that they run the risk of overlooking the best talent and missing opportunities that may, in some cases, only be available to the 200mm or 300mm boutique shops. They lose sight of what the business is about, of what they invested with hedge funds for in the first place. Unfortunately, it has boiled down to investors being more concerned with checking boxes and analysts at institutional investment firms being more concerned with keeping their jobs than truly finding the best talent.
While I don’t agree 100% with the statement above, the manger makes a few good points and I would be interested in more feedback that other managers have about overcoming the “checkbox mentality.” If you have feedback please email me at Richard@hedgefundgroup.org.
If it may help we have a whole category of marketing and sales articles within our Hedge Fund Marketing Guide.
Related to Investor Due Diligence & Emerging Managers?
Tags: hedge fund, hedge funds, hedge fund investor due diligence, investor due diligence process, DDQ, investor due diligence on emerging hedge fund managers
Below is a video about how many emerging manager hedge funds outperform the rest of the industry. The theory is that these smaller funds are more nimble, they can invest in smaller cap stocks, and they have a lot at stake and they work to protect the portfolio.
Tags: emerging managers, emerging manager hedge funds, hedge fund, hedge funds, alternative investment startups, hedge fund startup capital raising, emerging manager fund of fund
JWM Partners is said to be closing its doors, this fund is ran by John Meriweather who was originally part of Long Term Capital Management’s team. Here is a video on this same topic:
Related to JWM Partners to Close | John Meriweather
A few articles have recently came out regarding the turn around of the hedge fund industry. Many new hedge funds have been started this year and many existing funds are launching new strategies or taking over some bank-like activities. Below is an article discussing what the hedge fund industry will now be like, I disagree with the assessment that there will be less small hedge funds but I agree that funds are taking over some investment banking activities and growing in AUM right now:
There are signs of life returning to the hedge-fund industry. Assets under management are rising. New funds are being launched. Some are even making money.
Reports of hedge funds’ demise are exaggerated even if it isn’t quite time to raise prices in Mayfair’s fancy restaurants, or get into the interior-decoration business in the Hamptons. The industry is going to stick around as an important part of the financial universe.
It would be crazy to imagine that things will go back to the way they were before the markets collapsed in 2008.
Hedge-Fund Industry 2.0 – as one would say in computer-speak – will be very different from Hedge-Fund Industry 1.0. It will be less mysterious; investors will take more control; it will move into the space vacated by investment banks; and there will be fewer, but much larger, funds.
Right now, there is plenty of evidence that investors are willing to put money into the funds again. Read more…
How to Navigate a Prime Brokerage Agreement 29th September 2009 – London
The relationship between hedge funds and prime brokers forms the core of, and drives the alternative investment industry. It is at the heart of our financial markets. Neither could exist without the other. This partnership revolves around and is based on the prime brokerage agreement. Attend this one day workshop and find out how these are crafted, what requirements they are based on and the impact of the credit crisis. http://www.investoregulation.com/pba.html
Hedge Fund Regulation 30th September 2009 – London
Should hedge funds be regulated? Is regulation preferable to disclosure? The G20 has called for hedge fund regulation. IOSCO has produced a consultation on Hedge Funds Oversight, the EC has published a draft Directive on Alternative Investment Fund Managers. Hedge Fund Regulation explores the legislative, legal, and compliance developments affecting hedge funds. An expert panel will delve into related matters such as the Credit Crisis, its causes and the role of hedge funds. Representatives from major regulatory and political authorities will engage in an open dialogue on this critical and timely topic. http://www.investoregulation.com/hf.html
Tags: hedge fund conference, hedge fund conferences, conferences, hedge fund, hedge funds, alternative investment conference, conference on hedge funds
Tags: family office, family offices, alternative investments, hedge fund, hedge funds, private equity, wealth management, financial planning, investing, investor resources, top 10, top 5, top 20
Below is a short article from Dealbook on starting a hedge fund right now. This is a great article because it bridges some of the gap between what most professionals would expect to be happening in this space and what is actually happenning, which is the explosion of new hedge funds coming out into the industry. The article discusses how a few managers are finding opportunities in starting their funds because of the gating clauses, liquidity issues, and lack of institutional processes that some investors have suffered from. Here is an excerpt from the article:
In a small office in London’s upscale West End, three veterans of high finance are getting ready to start their own hedge fund.
It’s a scene that was common enough in the world’s financial hubs during the boom years. But in the post-Lehman, post-Madoff and post-credit-crunch world, starting a hedge fund has become harder, riskier and potentially less lucrative. So why do it? That’s what DealBook recently asked Mahmood Noorani, one of the founding partners of the new London-based fund, Gyldmark Liquid Macro Fund.
“We think it presents an opportunity to finally do things right,” he said about the timing of the new venture. “And it was the events of 2008 that convinced us that the right time is now for what we want to do.”
Mr. Noorani, along with his partners, Alastair Hollingdale and George Hatjoullis, may represent the new face of the hedge fund start-up: arrogance and mystery are out; liquidity and transparency are in.
These are not fresh-faced recent college grads hanging out a shingle, as so often seemed to be the case as hedge funds proliferated just a few years ago. Gyldmark’s three founders have worked in finance for decades and held senior roles at bulge-bracket firms llike Morgan Stanley, Credit Suisse and Bank of America. Mr. Noorani and Mr. Hatjoullis were most recently portfolio managers at BlueCrest Capital, a large hedge-fund firm based in London. Read more…
Tags: Hedge Fund, Hedge Fund Startup, Why start a hedge fund, hedge fund startups in 2009, forming a hedge fund, alternative investments, why hedge funds are being started
Below is a short article from Dealbook on starting a hedge fund right now. This is a great article because it bridges some of the gap between what most professionals would expect to be happening in this space and what is actually happenning, which is the explosion of new hedge funds coming out into the industry. The article discusses how a few managers are finding opportunities in starting their funds because of the gating clauses, liquidity issues, and lack of institutional processes that some investors have suffered from. Here is an excerpt from the article:
In a small office in London’s upscale West End, three veterans of high finance are getting ready to start their own hedge fund.
It’s a scene that was common enough in the world’s financial hubs during the boom years. But in the post-Lehman, post-Madoff and post-credit-crunch world, starting a hedge fund has become harder, riskier and potentially less lucrative. So why do it? That’s what DealBook recently asked Mahmood Noorani, one of the founding partners of the new London-based fund, Gyldmark Liquid Macro Fund.
“We think it presents an opportunity to finally do things right,” he said about the timing of the new venture. “And it was the events of 2008 that convinced us that the right time is now for what we want to do.”
Mr. Noorani, along with his partners, Alastair Hollingdale and George Hatjoullis, may represent the new face of the hedge fund start-up: arrogance and mystery are out; liquidity and transparency are in.
These are not fresh-faced recent college grads hanging out a shingle, as so often seemed to be the case as hedge funds proliferated just a few years ago. Gyldmark’s three founders have worked in finance for decades and held senior roles at bulge-bracket firms llike Morgan Stanley, Credit Suisse and Bank of America. Mr. Noorani and Mr. Hatjoullis were most recently portfolio managers at BlueCrest Capital, a large hedge-fund firm based in London. Read more…
Tags: Hedge Fund, Hedge Fund Startup, Why start a hedge fund, hedge fund startups in 2009, forming a hedge fund, alternative investments, why hedge funds are being started
While we don’t usually publish videos put out by industry service providers, below is a very professional interview-based video created by Advent Software. Within this video they talk about hedge fund infrastructure, investing in improving operations, and the pay-off periods of doing so. Click here to view the embedded video below.
Below please find a 13F analysis report for DE Shaw & Co for Q1 2009. 13F analyses are reports that fund managers with over $100M are required to submit to the SEC, they are publicly available and these reports provide us with some insights on what some hedge fund managers have been investing in.
Founded in 1988, the D. E. Shaw group is a global investment and technology development firm with approximately $35 billion in aggregate investment capital and offices in North America, Europe, and Asia.
Using the TickerSpy portfolio analysis tool the graph to the left was created showing the approximate equity performance for DE Shaw & Co over the previous six months. According to this analysis DE Shaw & Co ‘s equity picks have been underperforming against the S & P 500 recently.
The top 5 highest performing equities which for DE Shaw & Co held as of this 13F filing include (OC), (ORCL), (DGX), (VRTX) and (WCRX)
According to AlpaClone data on for DE Shaw & Co 20% of their equity portfolio is invested within the Services sector and 20% in Health Care. The total equity value of for DE Shaw & Co is 16B+, their total number of reported holdings is 2351, and over 13.1% of the market value of this portfolio is represented within the top 10 holdings.
For more information on for DE Shaw & Co please see the HedgeFundBlogger.com. Hedge Fund Tracker Profile on for DE Shaw & Co by clicking here.
We have some bad news, as HedgeFundBlogger.com has expanded over the past few years our tools have grown larger, deeper and more time-consuming to maintain. At the same time our firm has brought on a few additional staff members to help us keep offering networking events and premium-only resources but it hasn’t been enough to keep up with the 150,000 email inquiries we now receive each year.
