the Epitome weekly- Newsletter

Issue: 0775 | Tuesday , November 27, 2007

Amaranth collapse: Multi-strategies stay put

Italy: HFs poised for more allocations

Derivatives markets running out of liquidity

Exit penalties raised to avert property collapse

Probable rate cuts drives up Gold

Weakening Yuan hurting EU prospects

Wall St hopes for better October results

Indian MFs: Eager to tie-up with global funds

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Prop traders on crest of a wave

Successful hedge fund managers rarely appear out of thin air. The two most common breeding grounds are traditional asset management firms and bank proprietary trading desks, and whether a manager started out on one or the other can have an influence on everything from investment strategy and risk management to all-important performance.

Performance figures compiled by Financial News for 20 of Europe’s largest hedge funds indicate those funds run by former proprietary traders have generated better results than those operated by former asset managers. A sample of 10 firms run by former prop traders generated an average net return of 20.7% a year while the average ratio of return to volatility was 1.9....(Read more..)

Source :eFinancialNews

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