Editor's view: 4 March 2010
Pardoned by De Larosière, the G20, and, last week, the FSA. If we didn’t know it 12 months ago, we certainly should all be cognisant now that hedge funds played no role in the carnage of 2008
03/02/2010
Marathon to make new hires this year
Marathon Asset Management, a global alternative investment and asset management company with over $11bn under management, will steadily increase its employee base in 2010, HFMWeek can reveal.
According to a source familiar with the plans, the New York-based firm will make the hires based on market opportunities. In the commercial and residential mortgage-backed securities arena, which includes the US Department of Treasury's Public-Private Investment Programme (PPIP) fund, Marathon will hire one or two employees. It will also add two people in emerging markets investments, one in New York and one in London. Finally, it expects to bring in one or two people in corporate credit.
Robert Olman, president and CEO of Alpha Search Advisory Partners, said Marathon's anticipated hires in these areas were based on the performance of the strategies last year.
“Outsized performers by strategy for 2009 certainly include residential mortgage-backed securities and distressed debt/credit,” he said. “We are seeing sizable build-ups in staffing levels for investment professionals in distressed debt/credit, although less so in asset-backed securities.”
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Weekly liquidity, not the only option?
The all-consuming craze for managed accounts hasn’t taken over the industry yet, but the way it is going, it won’t be long before it does.
Comment: Julian Korek
"As if the increase in supervisory resources were not enough, the FSA is actively looking to set examples"
HFM European Performance Awards shortlist announced
HFMWeek is pleased to announce the shortlist for the HFM European Performance Awards 2010. Considering 2009’s broadly positive results, all of the successful candidates enjoyed a particularly
stellar year and thoroughly deserve their moment in the spotlight. HFMWeek looks forward to hosting all the shortlisted candidates at London’s Hurlingham
Club on the 25 March, where the winners will be revealed.
A promising year ahead for emerging managers
The demand for emerging hedge fund managers is continuing to grow, especially among institutional investors, the January edition of Preqin's Hedge Fund Investor Spotlight reveals.
Read More
24/03/2010
UK: Developments in managed accounts
This month’s HFMWeek Subscriber Club breakfast, in association with Advent, will take place on Wednesday 24…
25/02/2010
US: European FoHF managers in the US market
This month’s HFMWeek Subscriber Club breakfast will take place on Thursday 25 February. Join us…
22/10/2009
European Performance Awards
An event that celebrates hedge funds and funds of hedge funds that have outperformed their peers.
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