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Running a hedge fund is one of the most privileged positions in our capitalist economy. It combines a constantly stimulating intellectual challenge, the potential for significant rewards, and the kind of accountability – in the form of regular, quantifiable measures of performance – that is often missing from the modern workplace.
Managed Funds Association (MFA), the trade association for the global alternative asset management industry, has hired David Lourie as Vice President and Senior Counsel, Regulatory Affairs.
Prior to joining MFA, Lourie served as Associate General Counsel at General Atlantic.
Lourie brings a decade of experience in the alternative investment industry. Prior to joining MFA, he was Associate General Counsel and Vice President at General Atlantic where he worked closely on issues relating to ESG.
He holds a bachelor’s degree from Northwestern University and a law degree from the University of Southern California.
Ben Watford, who previously led two international investment funds teams, has joined Haynes and Boone, LLP as a London-based partner in the firm’s Investment Management Practice Group.
Watford’s practice focuses on the structuring and establishment of onshore and offshore investment funds in various jurisdictions, as well as providing ongoing counsel to fund managers, investors and service providers to funds.
He has worked on a range of alternative investment funds for fund managers, family offices, sovereign investors, and entrepreneurs including credit, event driven, special situations, global macro, crypto emerging markets, long/short equity, quantitative, multi-strategy, fund of funds, commodities, and real
FundFront, a London-based FinTech company, has launched its alternative investment platform.
Founding partners, Amin Naj, Arman Salavitabar and Dr Aric Whitewood come from leading financial institutions including JP Morgan and Credit Suisse with a collective mission to simplify access to leading alternative investment strategies.
FundFront’s platform provides financial advisors and their investors an opportunity to build a diversified portfolio that reflects their desired balance of profitability, stability, consistency, and control.
Elliott Management has shut up its Asian office, leading to its London office taking on more responsibility, according to a report from Financial News.
The London office is preparing to take more control of its investment in the region.
Last year, the hedge fund closes its Hong Kond office and moved staff to Japan and the UK. The decision to close also close its Tokyo office means that London will lead all of its new and existing campaigns.
Hedge funds again outperformed the S&P Total Return Index in April, despite losing 2.66%, bringing the year-to-date loss to -5.55%, according to BarclayHedge.
All major hedge fund strategies have seen overall inflows in the first quarter of 2022, according to a report from Pensions & Investments.
Hedge funds had total inflows of $19.8 billion in the first quarter, the highest level since the second quarter of 2015 when net asset inflows totaled $21.5 billion, according to HFR.
That compares with asset outflows of $8.9 billion in the fourth quarter 2021 and net inflows of $6.1 billion in the first quarter 2021.
Estimated total hedge fund industry assets fell by just 0.1% to $4.002 trillion in the quarter ended 31 March, from $4.008 trillion
Active asset manager J O Hambro Capital Management (JOHCM) has appointed Nikolaos Dimakis as senior data scientist.
Dimakis joins from Federated Hermes where he was a Quantitative Analyst and joins JOHCM to support Head of Investments Andrew Parry.
Dimakis’ role will focus on managing and developing tools to utilise data better in order to support investment teams in JOHCM and its impact investing arm Regnan.
SECOR Asset Management, an independent global investment advisory and risk management firm, has experienced a 50% growth in AUM of its Hedged Equity Fund (SHEF) in the first year.
Some of the most popular hedge funds have plummetted in value by -26.4% YTD, according to a report from CNBC.
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