| |
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:
John Paulson - Paulson & Co.
George Soros -
Soros Fund Management
James Simons - Renaissance
Philip
Falcone - Harbinger Capital
Kenneth Griffin - Citadel
Steven
Cohen - SAC Capital Advisors
Timothy Barakett - Atticus Capital
Stephen Mandel Jr. - Lone Pine Capital
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.
|
|
Become a
Certified Hedge Fund Compliance Expert (CHFCE)
Distance Learning
and Online Certification Program
To learn more
www.hedge-funds-association.com/Distance_Learning_and_Certification.htm
Become a Member and Receive the New Member Orientation
Newsletters
Understand Hedge Funds
With the new member orientation
newsletters you will have the opportunity to
learn what members registered before you have already learned.
Understand better risk and compliance management for hedge funds,
projects, careers, challenges and opportunities.
| |
