Harvard endowment restructures – plans to lay off half its 230 employees as it shuts down most of its internal trading programs

Harvard Management Co, the largest endowment at $35.7 billion, which has relied on in-house management of its assets as well [Read More]
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Risk-adjusted hedge fund returns outperform stocks and bonds over past 1, 3 and 5 years

A study by Alternative Investment Management Association and Preqin finds that hedge funds, on a risk-adjusted basis, outperformed stocks and [Read More]
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Q&A with Michael Felman, president and CEO of MSF Capital Advisors, a multi-family office

Q. Describe your family office. Michael Felman: We run a hybrid single family office/multi-family office. Our single family office consists [Read More]
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Launches: S-III Opportunity Fund, Nara Capital

  Warren Lichtenstein’s Steel Partners is launching  S-III Opportunity Fund which will buy stakes in underperforming public companies. According to [Read More]
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Sightings…

Michael Gelband, the bond chief at Millenium Management, will be leaving in Q2, reports Bloomberg News. Gelband was hired in [Read More]
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