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Uniting for Profit: Inside the Dynamic Partnership of Co-Owners in a $60 Billion Hedge Fund. Discover the intriguing tale of collaboration and complexity as two powerful co-owners navigate their differences within a massive hedge fund empire. Despite their contrasting approaches and conflicting visions, they've managed to steer their ship to incredible financial heights. Dive into this eye-opening article that unveils the secrets behind their unconventional partnership, shedding light on the strategies that fuel their success and the challenges they overcome. #collaboration #financialadvisor #wealthmanagement #hedgefund Read more: Celebrity Net Worth Brian W. https://lnkd.in/gKenGxGx

Meet MaX, a former bank analyst turned hedge fund manager. MaX hired a marketing person once he had a track record long enough to entice investors and hit the cap intro circuit. In a couple of years MaX was running a few billion dollars, charging 2 & 20 and taking home $30 million a year out of the management fees. He never made another nickel for his investors, of course, so his performance fees were zero. But when MaX retired in 2015, he did it with about $75m in the bank or so. Good for MaX, bad for the investors. Then there's MaY, who gets short gold via flat price and puts and makes 400% in a year. MaY is inundated with assets and very intelligently invests as quickly as possible in an “institutional infrastructure.” Now, MaY can attract the sort of too big to fail capital that loves to chase a five year history, one year of eye-popping performance and an investable infrastructure. Every once in a while May will draw down a lot but do a roadshow to remind investors how great everyone did in that gold short and how good the infrastructure of the firm is. MaY is a billionaire and buys trophy real estate in Manhattan. Finally, Bob is a successful multi-strat manager. Leveraged 4-5:1 in a zero interest rate environment, Bob has been delivering 10% returns on scale for several years. Bob aggregates talent that would never be independently investable and assets that would never invest in the talent he’s aggregated independently. Bob makes billions of dollars a year. Personally. Bob shops for professional sports teams. The above three stories would be funny if we weren’t living in a world that’s beginning to find income inequality politically unacceptable. How long before pension funds and investment banks need to justify the fees paid to the MaXs, MaYs and Bobs? After all, the actual people whose money is paying these fees probably don’t understand what orthogonal returns means but they know obscene paychecks when they see them. Unless the industry finds another method for allocating capital to efficient investment products, the legislators are going to fix the compensation problem. And when that happens, no one wins.

Family Offices Snub Hedge Funds for Quant Bets, Citi Banker Says : Super-rich looking for cheaper ways to dodge market volatility : Some feel ‘hedge funds are too expensive,’ Citi’s Hofmann says “Family offices are saying, ‘Look, we want to stay invested, but something doesn’t quite feel right in terms of protections’” “That’s why we are seeing these (quantitative) products move from a niche allocation in the hedge fund space into the core part of the portfolio” “A lot of family offices think hedge funds are too expensive” and are instead opting for systematic strategies as a less costly way to protect against market swings “What’s particularly interesting for family offices today is the hedging opportunity” “Typically, the family offices with these strategies are big enough that they have some specialists on their team” “We’ve seen European family offices jump into this and we’ve seen Middle East family offices ask about it. It’s a global trend”

Whisper it quietly – but hedge fund managers are back. A new era of market volatility and higher interest rates is inspiring a comeback for the ‘masters of the universe’, writes Will Wainewright. A key year was 2022, when stocks and bonds cratered in unison as inflation surged, with hedge funds protecting capital and many delivering double-digit returns. HNWs and family offices – the main source of allocations last century (more recently replaced by pension funds) – appear to have taken note. Hedge fund allocations from family offices rose to 7 per cent from 4 per cent last year, according to UBS’s 2023 report (private equity allocations went the other way, heading from 13 to 9 per cent). The sophisticated skills of hedge fund managers are still in demand among wealth managers, and now a wave of new fund launches is also boosting confidence in the sector. Click the link below to read the full story, featuring interviews with Adam Singleton of Man Group, Alastair Baker of Sarasin & Partners LLP, Peter Albinsson, CFA of UCAP Switzerland, Kenneth J. Heinz of HFR, and Jon Caplis of PivotalPath.

In our 8th episode of the Family Office Vlog Series, Asena CEO Peter Harper will elaborate on our most recent blog post: Family Office vs. Hedge Fund. Click the link below to watch: https://lnkd.in/eEF6yiVT

$31B Worth Hedge Fund Manager Meet Jim Simons 👴🧠: The 84-year-old mathematical wizard who built the mightiest quantitative hedge fund ever, leaving legends like Warren Buffet, George Soros, and Carl Icahn in the dust. Yep, you read that right 😳 The journey of Jim is nothing short of astonishing. At the ripe age of 40, he pivoted from a celebrated career in mathematics to establish Renaissance Tech, the most groundbreaking hedge fund in history. 🚀 This powerhouse raked in over $100 billion for its investors. The Medallion fund, led by Simons, boasts a jaw-dropping annual return of 66% over three decades 🤯—putting Buffet's 20% to shame. Now sitting on a cool $31 billion fortune, Simons's strategy might surprise you: - A staunch advocate for smoking wherever he pleases. - A preference for wandering around the office sans shoes. - And a knack for dozing off during presentations. The takeaway? Forget the cold showers and meditation sessions if you're gunning for wealth. 💡 The real golden ticket? Embracing naps and living your truth without excuses.

How One of the World's Oldest Hedge Funds Went Bankrupt Weiss filed for bankruptcy, a rare hedge fund occurrence Firm is embroiled in a legal battle with its biggest creditor While the firm’s rapid unwinding limited losses for fund investors, Weiss Multi-Strategy Advisers’ collapse leaves some staff standing to lose more than $1 million in deferred compensation. Its biggest creditor is bracing for a fight over more than $100 million in unpaid debts. While the firm’s rapid unwinding limited losses for fund investors, Weiss Multi-Strategy Advisers’ collapse leaves some staff standing to lose more than $1 million in deferred compensation. Its biggest creditor is bracing for a fight over more than $100 million in unpaid debts.  The firm — which ran $4 billion at its 2021 peak — had at least 110 employees, including well-compensated traders and a packed back-office staff, working out of offices in Manhattan, Miami and Connecticut. Exacerbating its financial woes, Weiss had stopped charging clients for various expenses, even though most multistrategy rivals pass on those fees. So when the fund fell 0.6% in 2022, it didn’t receive performance fees but still had to pay bonuses to the portfolio managers who did make money.

Ken Griffin, a prominent hedge fund manager In the world of finance, few stories are as inspiring as that of Ken Griffin. With a relentless pursuit of excellence and an unshakable belief in his abilities, Ken's journey from a young, passionate trader to a legendary hedge fund manager is a testament to the heights that can be reached in the stock market. Ken's fascination with financial markets began at an early age, and he wasted no time in making his mark. Starting with just a modest investment, he developed a unique talent for spotting hidden opportunities in the stock market. His early successes only fueled his ambition to learn more and do better. With years of dedication, Ken honed his trading skills, diving deep into the world of quantitative analysis and risk management. His unwavering commitment to staying ahead of the curve set him apart. In 1990, he founded Citadel, a hedge fund that would later become a powerhouse in the industry. Under Ken's leadership, Citadel consistently delivered remarkable returns, even during turbulent market conditions. His ability to adapt to changing market dynamics, combined with a team of exceptional traders and cutting-edge technology, propelled Citadel to the forefront of the hedge fund world. Ken Griffin's influence extended beyond his own success. He was a visionary who understood the importance of giving back and sharing his knowledge. His philanthropic efforts in education and finance have left an indelible mark, ensuring that future generations have access to the same opportunities that he had. Ken Griffin's story is a testament to the possibilities in the world of stock market trading. His journey reminds us that with unwavering determination, continuous learning, and an unyielding belief in one's abilities, remarkable success can be achieved in the ever-evolving financial markets. His legacy serves as an inspiration to traders and investors worldwide, showing that even the sky is not the limit when it comes to achieving success in the stock market. #investment #Stockmarket #nifty #trader #money #Optiontrader #Traders