 |
|
Absolute Return Funds
Absolute return or relative return?
Mutual funds
just seek to
produce returns that are better that its peers. This is a
"relative return"
approach to fund investing.
Hedge Funds use
using short selling, futures, options, derivatives, arbitrage,
leverage etc for
"absolute returns"
-
positive returns not compared to any other measure or benchmark.
Some of the best hedge fund managers:
Senior Managing Director Great Managers Mr. Falcone is the Senior Managing Director of the Harbinger Capital Partners® Funds. He has more than 20 years experience in leveraged finance and leveraged companies. Prior to joining the Harbinger Capital Partners® investment team, he served as head of High Yield trading for Barclay's Capital. From 1998 to 2000, he managed all aspects of Barclay's trading operations, including trading distressed and special situations, managing risk exposure of the desk, and overseeing the desk trading and analytical team. Mr. Falcone held a similar position with Gleacher Natwest, Inc. from 1997 to 1998. Prior to joining Gleacher, Mr. Falcone was a Senior High Yield trader at First Union Capital Markets in Charlotte, North Carolina. Before joining First Union in 1995, he structured the leveraged buyout of AAB Manufacturing Corporation, a Newark, NJ based consumer products manufacturing company. He completed this transaction in 1990 and remained President and Chief Operating Officer of the company until 1995. Mr. Falcone began his career in 1985, trading high yield and distressed securities at Kidder, Peabody & Co. He earned a Bachelor of Arts degree in Economics from Harvard University in 1984. James H. Simons, Ph.D. is Secretary and Treasurer of The Simons Foundation. Dr. Simons is President and founder of Renaissance Technologies Corp. Prior to his financial career, Dr. Simons served as chairman of the Mathematics Department at S.U.N.Y. Stony Brook, taught mathematics at M.I.T. and Harvard University, and was a cryptanalyst at the Institute of Defense Analyses in Princeton. Dr. Simons' scientific work was in the area of geometry and topology, and his most influential work involved the discovery and application of certain measurements, now called Chern-Simons Invariants, which have had wide use, particularly in theoretical physics. James Simons holds a B.S. from M.I.T., a Ph.D. from U.C. Berkely, and won the American Mathematical Society's Veblen Prize for his work in geometry in 1975. He is a former Chairman of the Stony Brook Foundation, and is currently a trustee of Rockefeller University, M.I.T. and the Institute for Advanced Study. -------------------------------------------------------------------------------------------------------------------------------------------- Best Alternative Investment Books ---------------------------------------------------------------------------------------------------------- |
|
|