MoneyScience News

Risk spillover among hedge funds - The role of redemptions and fund failures

Fri, 20 Nov 2009 00:42:12 -0800

By Benjamin Klaus and Bronka Rzepkowski European Central Bank Abstract This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We find that risk spillover is...

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Hedge Fund Focus 13-11-09

Fri, 13 Nov 2009 05:20:39 -0800

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law [Externalrss-FinanceFocus-titles-rssl-8-30] Resources...

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Video - The Promise of Hedge Fund Replication

Fri, 13 Nov 2009 00:33:37 -0800

Reuters columnist Christopher Swann says that hedge fund replication could make hedge fund-style strategies available to Joe Public reducing retail investors' almost total dependence on stocks. [Externalrss-twitter2-titles-rssl-6-30][Externalrss-HedgeFundNews-titles-rssr-8-30] [RandomProduct-10]

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Hedge Funds and the Origins of Private Information in Currency Markets

Tue, 10 Nov 2009 07:57:20 -0800

Carol L. Osler Brandeis University - International Business School Vitaliy Vandrovych State Street Global Advisors, Advanced Research Center Abstract This paper provides evidence that hedge funds are a critical source of private fundamental information in currency markets. We analyze the most disaggregated database of currency transactions to date, with ten different categories of market...

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Hedge Fund Focus - 04-11-09

Wed, 04 Nov 2009 08:54:30 -0800

Behavioural Finance and Equity Investment Strategies - 8-9 December 2009

Mon, 02 Nov 2009 06:12:56 -0800

London Financial Studies Profile at MoneyScience More information about this course. Modern finance portrays investment decision-making as rational choice. However, pure rationality does not describe how many decisions are truly made. This course examines (1) the behavioural strategies that amateur and expert investors rely upon to make decisions, (2) the structure and speculative dynamics of...

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Video - GLC's Steven Bell introducing Hedge Funds

Thu, 29 Oct 2009 08:44:05 -0700

Steven Bell joined GLC Ltd at the beginning of 2006 and runs their Macro Hedge Fund Programme. Before that he spent 20 years at Deutsche Bank and predecessor companies. For the last five years he was Deutsche Asset Management's Global Chief Economist where he was responsible for asset allocation. This involved determining the overall amount UK pension fund clients invested in commercial property...

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Hedge Fund Focus 20-10-09

Tue, 20 Oct 2009 09:49:18 -0700

New Allegations - Bear Stearns' Hedge Fund Manager Nuked Crucial Email Account

Fri, 16 Oct 2009 00:52:13 -0700

[Externalrss-FinanceFocus-titles-rssl-8-30][Externalrss-hfweblog-titles-rssr-3-30][Externalrss-fintag-titles-rssr-3-30][Externalrss-HedgeFundNews-titles-rssr-3-30] [RandomCompany-54]

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Advanced C plus plus for Computational Finance with Daniel Duffy

Thu, 15 Oct 2009 07:54:12 -0700

20% Discount for first 5 delegates 9 - 11 December, 2009 London, UK The goal of this three-day intensive hands-on course is to learn those advanced features in C++ that are of direct relevance to writing and extending applications for quantitative and computational finance. The course uses the object-oriented and generic (templates) programming models (OOP, GP) in combination with design patterns...

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Pricing exotic interest rate derivatives - The LIBOR Market Model in QuantLib with Mark Joshi - June 2010

Wed, 14 Oct 2009 09:25:09 -0700

June 2 - 5, 2010 London, UK This three-day course will be led by an international expert who played a large role in the coding of the LIBOR market model in the QuantLib C++ open-source project. He will examine the practical problems that arise when implementing the LIBOR market model to price exotic interest rate derivatives. Each issue will be discussed at theoretical, practical and coding...

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Trust and Delegation - Hedge Funds and Due Diligence

Wed, 14 Oct 2009 03:39:13 -0700

One in five hedge fund managers misrepresents their fund or its performance to investors during formal due diligence investigations, research from New York University’s Stern School of Business suggests. Sam Jones reports in the Financial Times. Stephen J. Brown NYU Stern School of Business William N. Goetzmann Yale School of Management - International Center for Finance; National Bureau of...

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Doing Business in Russia - the Hermitage Capital Story

Tue, 13 Oct 2009 08:48:00 -0700

Thousands of Russians are watching a YouTube video that accuses their government and officials of high corruption. A Russian version of a video by Hermitage Capital, the London-based hedge fund claiming to be victim of a $230m (£146m) scam, has attracted over 12,000 hits, and is the most viewed news clip on YouTube in Russia, the site shows. The English version has had almost 8,000...

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Hedge Fund Focus 09-10-09

Fri, 09 Oct 2009 04:23:00 -0700

Hedge Fund Focus 02-10-09

Fri, 02 Oct 2009 08:48:49 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law [Externalrss-FinanceFocus-titles-rssl-6-30] Resources...

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Upcoming Training from New York Institute of Finance Oct - Dec 2009

Mon, 21 Sep 2009 08:51:06 -0700

October Corporate Governance in an Era of Financial Crisis - 1 - 2 October 2009 Equity Derivatives - 5 - 6 October 2009 Credit Risk Analysis - 5 - 9 October 2009 Valuation and Use of Equity Options - 6 - 22 October 2009 Advanced Financial Modeling, Enhancements and Segment Build-up - 10 - 24 October 2009, New York, USA Convertible Bonds - 12 - 13 October 2009, New York, USA...

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Upcoming Training from London Financial Studies - Oct - Dec 2009

Mon, 21 Sep 2009 08:10:46 -0700

October 2009 Modern Credit Derivatives - 5 - 7 October 2009 Structured Products - Design - Pricing and Implementation - 7 - 9 October 2009 Asset Allocation and the Business Cycle - 12 - 13 October 2009 Quantitative Techniques for Credit Derivatives - 19 - 20 October 2009 Property Derivatives - 19 - 20 October 2009 Equity Derivatives - Valuation and Management - 21 - 23 October 2009 Collateral and...

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Hedge Fund Focus 18-09-09 - Bumper Edition

Fri, 18 Sep 2009 03:21:42 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Crime and Law By Pablo Triana with a Foreword by Nassim Nicholas Taleb Complete our...

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The Fifth General Conference on Advanced Mathematical Methods in Finance - AMaMeF 2010

Mon, 14 Sep 2009 09:22:34 -0700

Slovenia, 3rd May - 9th May 2010 Organised by: The University of Ljubljana, Faculty of Mathematics and Physics, Ljubljana, Slovenia and The Institute of Mathematics, Physics, and Mechanics, Ljubljana, Slovenia Location: Hotel Golf, Bled, Slovenia Official Website: Amamef 2010 Information and Assistance: Anamef2010@uni-lj.si Organizing Committee: - Tomaz Kosir - Aleksandar Mijatovic - Matjaz...

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Upcoming Events - MoneyScience Financial Training

Fri, 11 Sep 2009 08:10:32 -0700

Statistical Programming in Finance with R with Patrick Burns November 9 - 11, 2009 - London, UK 10% 'Early Bird' Discount Before October 1st 2009 Across the industry, the R language is employed at the cutting edge of financial analysis and the primary purpose of this course is to give users a thorough grounding in its fundamentals and implementation. Exercises will be largely from finance and...

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Central Clearing and Counterparty Credit Risk with Jon Gregory

Wed, 09 Sep 2009 06:38:12 -0700

What have previous delegates said about previous Counterparty Credit Courses? "Great course on everything I wanted to know about counterparty risk" - VP, KeyBank "Really extensive, practical and fun course on counterparty credit risk, great lecturer" - Managing director, CIBC world markets REQUEST A BROCHURE Visit the MoneyScience Financial Training Homepage 10% Early Bird Discount Before October...

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Comedy - Hedge Fund, The Web Show Episodes 1-7

Fri, 04 Sep 2009 07:04:21 -0700

Created by Chris Murray who writes: I am a writer and a filmmaker living in NYC. Originally from the south, I've been drawn to the hustle and bustle for the last seven years of my life. I make comedies that comment on our society, crafting parody and satire from real strains of life that I find necessary. With Hedge Fund, I have created a vehicle for people to laugh about all the money they've...

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Hedge Fund Focus - 04-09-09

Fri, 04 Sep 2009 06:36:56 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law Resources Focus On Financial Recruitment Financial...

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Goldman Sachs - Hedge Fund Trend Monitor

Fri, 04 Sep 2009 04:00:22 -0700

H/T Mebane Faber at World Beta or you can check out his Twitter Account. Subscribe in a reader Subscribe by Email Hedge Fund Resources Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US

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Call for papers - Behavioural Issues in Cross-Listing

Fri, 28 Aug 2009 08:27:10 -0700

A special issue of International Journal of Behavioural Accounting and Finance The focus of this special issue is on the behavioural factors surrounding a firm’s decision to cross-list its shares. The phenomenon of cross-listing on international markets has grown rapidly during the last decade, and has been facilitated by the deregulation and liberalisation of financial markets, and the...

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Hedge Fund Focus 28-08-09

Fri, 28 Aug 2009 08:19:14 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law Resources Focus On Financial Recruitment Financial...

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Hedge Fund Journal - Fund of Hedge Funds - Global 50

Fri, 28 Aug 2009 07:06:52 -0700

The Hedge Fund Journal’s Funds of Hedge Funds GLOBAL50, produced in association with Newedge Prime Brokerage Group, reports that minus a few exceptions, funds were happy to participate in the survey and submitted their assets under management figures as at 30th June 2009, which goes some way to prove that funds are taking the issue of transparency more seriously. Those funds that declined...

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Paul Wilmott on Financial Engineering at the Institute of Ideas annual Battle of Ideas festival

Wed, 26 Aug 2009 00:36:02 -0700

The Institute of Ideas annual Battle of Ideas festival Risky Business: does financial engineering add up? We are living through the most severe recession since the 1930s, a recession that is understood by many as having its roots in the activity of financial services. It is still unclear how the fall out of the credit crunch will affect financial activity in the years to come. George Soros,...

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Hedge Fund Focus 21-08-09

Fri, 21 Aug 2009 08:28:12 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law Resources Focus On Financial Recruitment Financial...

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Ghadir Abu Leil-Cooper - From Physics to Fund Management

Fri, 21 Aug 2009 02:00:25 -0700

...Leil-Cooper comes from Palestine, but now lives in south London with her husband and two children. Most of her family still lives in Nablus in the West Bank, where she says it is "tough". Leil-Cooper left the strife of Palestine as a teenager when she was accepted on an exchange programme to study at Durham University in the north-east of England. After a long period of study she decided to...

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MoneyScience Financial Training Launches New Website

Wed, 19 Aug 2009 09:29:26 -0700

MoneyScience have finally launched a new site complement our financial training operation: Upcoming courses include: Options and Structured Products with Jon Gregory - September 3-4 A practical and intensive course covering exotic options and structured products and the financial engineering behind their uses, valuation and trading. Pricing Credit Derivatives and the Credit Crisis with Jon...

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A Risk Management Framework for Hedge Funds - the Role of Funding and Redemption Options on Leverage

Thu, 13 Aug 2009 08:48:41 -0700

Qiang Dai and Suresh M. Sundaresan Columbia Business School Abstract: We develop a model of hedge fund returns, which reflect the contractual relationships between a hedge fund, its investors and its prime brokers. These relationships are modelled as short option positions held by the hedge fund, wherein the 'funding option' reflects the short option position with prime brokers and the...

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Hedge Fund Focus 12-08-09

Wed, 12 Aug 2009 05:04:43 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law Resources Focus On Financial Recruitment Financial...

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Hedge Fund Focus 03-08-09

Mon, 03 Aug 2009 05:29:56 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law Resources Focus On Financial Recruitment Financial...

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Profile -HSBC's Bill Maldonado, blending science with art

Mon, 03 Aug 2009 05:09:59 -0700

HSBC's Bill Maldonado is a man who loves to mix science with art -- be that in running Halbis's hedge fund business, riding his high-power Ducati motorbike on a race track or piloting a light aircraft. An Oxford doctor in laser physics who trod the well-worn path from academia to high finance, Maldonado resisted the obvious choice of becoming a quant, instead opting to transfer his...

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Do Hot Hands Exist Among Hedge Fund Managers - An Empirical Evaluation

Wed, 29 Jul 2009 01:47:32 -0700

By Ravi Jagannathan, Alexey Malakhov and Dmitry Novikov Abstract In measuring performance persistence, we use hedge fund style benchmarks. This allows us to identify managers with valuable skills, and also to control for option-like features inherent in returns from hedge fund strategies. We take into account the possibility that reported asset values may be based on stale...

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Hedge Fund Focus - 24-07-09

Fri, 24 Jul 2009 04:49:57 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law Resources Focus On Financial Recruitment Financial...

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Changing Hedge Fund Landscape Shapes Demand For Technology

Fri, 24 Jul 2009 04:25:03 -0700

Last year's major shakeout in the hedge fund industry - with roughly 20% of all funds closing up shop - has radically altered its technology and risk management landscape. Those funds that did survive and the new ones just entering the market are scrambling to equip their operations with the best platforms to appease both their investors and the regulators tightening the screws on them. But after...

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Hedge Fund Focus 17-07-09

Fri, 17 Jul 2009 07:12:41 -0700

Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Crime and Law Resources Focus On Financial Recruitment Financial Education Financial...

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Factor Models in Economics and Finance - Dec 09

Wed, 15 Jul 2009 04:15:43 -0700

This is the first announcement and call for papers for the international conference on "Factor Models in Economics and Finance", to be held at Cass Business School on Friday and Saturday, 4 and 5 December 2009. Recent years have seen an increasing use in economics and finance of models employing large datasets, involving the estimation of large number of parameters. The severe computational...

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twitter: Training - Credit Default Swaps and the Credit Crisis with Jon Gregory, March 8, 2010: http://bit.ly/ILOBP

Fri, 20 Nov 2009 08:15:27 -0800

moneyscience: Training - Credit Default Swaps and the Credit Crisis with Jon Gregory, March 8, 2010: http://bit.ly/ILOBP

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twitter: The Complete MoneyScience. Subscribe by Email - http://bit.ly/wO4lv

Fri, 20 Nov 2009 06:39:53 -0800

moneyscience: The Complete MoneyScience. Subscribe by Email - http://bit.ly/wO4lv

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twitter: Research - Eroding market stability by proliferation of financial instruments: http://bit.ly/3cQQbS

Fri, 20 Nov 2009 06:21:53 -0800

moneyscience: Research - Eroding market stability by proliferation of financial instruments: http://bit.ly/3cQQbS

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twitter: Tonnes of Quantitative Finance Papers submitted at the arXiv preprint server: June - October 2009 - http://bit.ly/4pHoWz

Fri, 20 Nov 2009 04:28:18 -0800

moneyscience: Tonnes of Quantitative Finance Papers submitted at the arXiv preprint server: June - October 2009 - http://bit.ly/4pHoWz

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twitter: Event - Retooling Risk Management - How Practitioners Have Changed Things Since the Crisis Started - http://bit.ly/1Hvttn

Fri, 20 Nov 2009 01:48:50 -0800

moneyscience: Event - Retooling Risk Management - How Practitioners Have Changed Things Since the Crisis Started - http://bit.ly/1Hvttn

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hedge fund twitter: Research - Risk spillover among hedge funds - The role of redemptions and fund failures: http://bit.ly/tqhbz

Fri, 20 Nov 2009 00:44:26 -0800

hedgefundfocus: Research - Risk spillover among hedge funds - The role of redemptions and fund failures: http://bit.ly/tqhbz

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hedge fund twitter: Prince William, the future King of England, is to become president of charitable group 100 Women in Hedge Funds - http://bit.ly/3SkhRx

Thu, 19 Nov 2009 07:52:17 -0800

hedgefundfocus: Prince William, the future King of England, is to become president of charitable group 100 Women in Hedge Funds - http://bit.ly/3SkhRx

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hedge fund twitter: Risk Management Technology Now Key Part of Prime Brokerages Offering - http://bit.ly/f8bvR

Wed, 18 Nov 2009 09:24:36 -0800

hedgefundfocus: Risk Management Technology Now Key Part of Prime Brokerages Offering - http://bit.ly/f8bvR

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hedge fund twitter: Sergey Magnitskiy, who had been advising Hermitage Capital, died on Monday night in Moscow detention centre - http://bit.ly/wg9gs

Wed, 18 Nov 2009 08:21:42 -0800

hedgefundfocus: Sergey Magnitskiy, who had been advising Hermitage Capital, died on Monday night in Moscow detention centre - http://bit.ly/wg9gs

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hedge fund twitter: Robert Frey, co-founder of Renaissance Technologies, is starting a new fund partly run by an investment team in London.http://bit.ly/3lc39l

Tue, 17 Nov 2009 06:25:57 -0800

hedgefundfocus: Robert Frey, co-founder of Renaissance Technologies, is starting a new fund partly run by an investment team in London.http://bit.ly/3lc39l

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