Simon Riveles a Panelist at the Hedge Fund Association’s Student Symposium at Seton Hall (Virtual-Strategy)
The Hedge Fund Association (“HFA”), an international non-for-profit organization made up of hedge funds, funds of hedge funds, family offices, high net worth individuals, and service providers, is sponsoring the HFA Inaugural Student Symposium at Seton Hall on Wednesday, November 20th entitled, How to Find Your Fortune Without Losing Your Soul. The Symposium, which will run from 7:30pm-9:30pm, will be a unique opportunity for those interested in learning more about the hedge fund industry and the wide array of exciting job opportunities the industry offers in research and analysis, portfolio management, marketing, administration, compliance, and law.
SAC London Staff in Job Talks With Rivals (WSJ)
SAC Capital Advisors LP portfolio managers and analysts here have held discussions with rival hedge funds, including Moore Capital Management LP, about moving to those firms as SAC prepares to close its London office, according to people familiar with the matter. SAC’s move last month to shut the office by year-end, as the U.S. hedge-fund firm retrenches following a record insider-trading settlement, has spurred a flurry of discussions between SAC traders, analysts and portfolio managers and their rivals at other firms, say people close to the firms involved. Besides Moore, SAC employees have had talks about potential jobs at Millennium Management, BlueCrest Capital Management and Balyasny Asset Management, according to people close to discussions with those firms.
Alan Howard’s Tops Europe’s Hedge Fund Rankings : Donates $32 Million To Imperial College London (JewishBusinessNews)
Alan Howard’s hedge fund Brevan Howard, which he founded in 2002 with four partners who came with him from Credit Suisse Group AG (NYSE:CS), has moved to the top of this year’s European hedge fund league tables. Published by Hedge Fund Journal last week, the new ranking puts his fund at top of the list with assets under management of US$40 billion as at the end of September, up by 9%. He displaced the Man Group with US$35.6 billion under management. A year earlier, in 2012 Brevan Howard came second in the listings. Brevan Howard is a global alternative asset manager, managing significant institutional assets across a number of diversified strategies. His partnership also sold a 15% interest in the firm to reinsurer Swiss Re in 2007.
Two Great Tweets From Nouriel Roubini Explain The Biggest Economic Problem Right Now (BusinessInsider)
These are two great tweets from Nouriel Roubini. He tweeted these stories from last, and they get to the core economic challenge of the moment. On the one hand, there’s widespread concern that financial markets are booming and bubbles are forming, especially in real estate, and that all this is a threat to financial stability. On the other hand, there’s worry about super-low inflation, and the ongoing risk of outright deflation if policymakers don’t keep pressing down on the stimulus.
Hedge Funder Ken Griffin: ‘If I Could Wave A Magic Wand, I Would Break Up The Banks’ (BusinessInsider)
Hedge fund billionaire Ken Griffin, the founder of Citadel, Sorkin began the conversation with the topic of banking. “If I could wave a magic wand, I’d break up the banking system,” Griffin said. Griffin said that he would break up the big banks because they are both too big to fail and too big to manage. He also said that he would pull the securities business out of the banking system. Sorkin asked him if he supported the Occupy Wall Street Movement. “No, I do not,” Griffin replied.
Meet the Manager Who’s Net Short — and Up 14 Percent (InstitutionalInvestorsAlpha)
It’s not too surprising that many long-short equity managers are lagging the wild bull market for stocks. After all, many of them are hedged with short positions that have risen in price, and many managers are far from fully exposed to the equity markets. However, one long-short manager seems to stand out: Russell Clark, who runs the London-based Horseman Global Fund. Clark’s fund has gained 14.77 percent through October. Sure, that’s well below the 23 percent gain for the S&P 500, which tracks U.S. stocks, over the same period…
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