Hedge Fund

Relative Returns vs. Absolute Returns

The term “relative returns” refers to returns as compared to a benchmark index. Most money managers, such as mutual funds, will aim to produce returns that beat a benchmark, e.g. the S&P 500 or the Nasdaq 100. For example, suppose that the S&P 500 is down 25 percent in a year a

Hedge Funds

A hedge fund is private investment fund or pool that trades and invests in various assets such as securities, commodities, currency, and derivatives on behalf of its clients, typically high net worth individuals and institutions. In order to invest in a hedge fund you need to meet requirements set b

T. Boone Pickens

Firm: BP Capital Management City: Dallas 2008 Age: 79 2008 Assets Under Management: $5 Billion Born in 1928, Thomas Boone Pickens, Jr. is chairman of the hedge fund BP Capital Management (BP standing for Boone Pickens). His father worked as an oil and mineral land man. Pickens attended Texas A&M

Stanley Druckenmiller

Firm: Duquesne Capital City: New York 2008 Age: 55 2008 Assets Under Management: $10 Billion Druckenmiller graduated from from Bowdoin College in 1975 where he studied English and Economics. He went on to begin a Ph.D. at the University of Michigan but decided leave the program to take a job as a

Paul Tudor Jones

Firm: Tudor Investment Corp. City: Greenwich, Connecticut 2008 Age: 53 2008 Assets Under Management: $18 Billion Memphis born hedge fund manager Paul Tudor Jones graduated from the University of Virginia with a degree in economics in 1976. Tudor Jones went on to work for Eli Tullis, a successful co

Ken Griffin

Firm: Citadel Investment Group City: Chicago 2008 Age: 40 2008 Assets Under Management: $20 Billion Self made billionaire Ken Griffin is the managing director and CEO of Citadel Investment Group, one of the largest hedge funds in the world. Griffin was born in Daytona Beach, Florida and lived in Tex

Chris Hohn

Firm: The Children’s Investment Fund City: London 2008 Age: 41 2008 Assets Under Management: $11 Billion Originally from Addlestone, Surrey, Chris Hohn is the son of car mechanic who emigrated to Britain from Jamaica in 1960. Hohn graduated from Southampton University and went on to get his M

Hedge Fund Managers – Alan Howard – Brevan Howard

Firm: Brevan Howard Asset Management City: London 2008 Age: 44 2008 Assets Under Management: $22 Billion Alan Howard was formerly head of proprietary trading at Credit Suisse First Boston. In 2003 Howard founded his fixed-income focused hedge fund, Brevan Howard Asset Management. Howard’s succ

Global Macro Trading Strategies

The term global macro is used to describe a trading strategy used by various hedge funds. Hedge Funds using the global macro strategy take positions in on the basis of macroeconomic forecasts and analysis in a global context. Global macro analysis covers areas such as interest rates, government poli

Steven Cohen Profile

Steven Cohen is a world class hedge fund investor and the founder and manager of SAC Capital Partners, a Stamford, Connecticut-based hedge fund. Cohen grew up in Great Neck, New York, and he attended the Wharton School at the University of Pennsylvania. After graduating, Cohen began his career as ju