r****m
发帖数: 1204 | 1 Wealthfront and Betterment are very hot right now.
But if your AUM is above $100K, try Vanguard's VPAS which is a better one,
or wait a few months when its threshold drops to $50K. |
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r****m
发帖数: 1204 | 2
我并不推崇这些，Index investing is definitely the right one to go. 但如果有
的人想talk to a live certified financial planner, VAPS is a good one, I
believe it has the potential to revolutionize the financial service industry.
Wealthfront and Betterment are all algothrim-based, you can't talk to a live
person, but their AUM fee is very reasonable (compared with the 1% ones). |
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S**C
发帖数: 2964 | 3 In all fairness, Janus Overseas is not that bad, low turnover, low fee,
small AUM (now), long tenured manager, and I vaguely remember they do close
fund from time to time. Its investors behavior at least partly to be blamed.
The guy will be much more successful if he manages a CEF rather than an OEF. |
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S**C
发帖数: 2964 | 4 He will manage JUCTX, a tiny fund with AUM $12.9MM, ER a bit high right now
at 1.08% but given its small size, very reasonable. I am itching to throw
some play money into it. |
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h****g
发帖数: 259 | 5 ASHR
ASHS
AFTY
后两个aum太低，不推荐 |
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M********r
发帖数: 278 | 6 all these talks about ER got me thinking, how much does it cost to run a
fund with 1B AUM?
we need one manager, let's say we pay him 1 mil; two traders with 200K each,
one accountant 150K, one IT guy, 150K, 5 sales (60Kx5=300K). total: 2 mil.
I don't think we need a full time lawyer. Analyst? no, the manger should do
the work. So 2 mil in salary ( Are the salaries generous enough? I have no
idea) let's throw in year end bonus 100%. 4 million.
rest is rent, trading cost, IT equipment, legal serv... 阅读全帖 |
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p*a
发帖数: 592 | 7 级别不高，老年码农而已。公司不大，fidelity AUM的十五分之一而已。
这公司面试超烦，我一共去了四回，见面了十六七号人。还他娘的上机做题，难是不难
，但全做对也不容易。当然像我这样的FLG估计店面都过不了。也是码农的悲哀，一把
年纪了，换个工作还要做题，出题的还巨有可能是嘴上没毛的小年轻。然后等上班了，
发现伊们也就嘴上功夫厉害，实际编大型程序还嫩的很。
我其实很烦考二叉树的，工作十几年了，从来没有需要用过。 |
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c*******y
发帖数: 1630 | 8 AUM 50-100B的hedge fund，，每个猎头都跟你吹，说他家文化多好。
比较flat，最小的小盆友可以毫无顾忌表达自己观点，成天讨论，挑战任何上司。
但看法非常两分，不喜欢的人很郁闷，还有的说这个fundamental shop除了最大
的几个partner和CEO，其他的人跟strategy没关系。 |
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n*******r
发帖数: 60 | 9 It is not true. I worked in an asset management firm with approximately 4
billion AUM. I brought many ideas.
Although I am the only minority in my company and the last one who joined my
team, I am the only one left in my team after a big layoff.
Hard and smart working works!
Plus, if you work hard and smart, people would know your value, say bringing
additional return even as little as 0.5% each year, they would appreciate
your value.
WORK HARD && SMART!! |
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A********e
发帖数: 22 | 10 Company background：
Boca Raton, Florida based hedge fund with more than $200M asset under
management and
about 5 years very good track record.
We are a small firm with less than 5 employees at present.
Two positions available in Mid June.
1. Senior Accountant/Controller/Operation
Responsibilities including:
a. Daily NAV calculation, monthly NAV/return calculation. Coordinate with
outside Administrator/Auditor/Brokerage firms for position/commission/return
etc. reconciliation.
b. Produce/reconcil... 阅读全帖 |
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t********u
发帖数: 20 | 12 我们同时还在招在校学生做intern. 一般intern毕业以后都是hire的.主要是support
middle and back office.主要用一些sql, c#,excel vba. salary above industry
average.年底有bonus.支持h1b 绿卡。top 40 hedge fund in the US; 8 Billion AUM
. |
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n****e
发帖数: 2401 | 13 跳startup IT说融资多少m, 就跟跳金融说多少aum一样，其实就四个字：关你屁事。 |
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p***o
发帖数: 714 | 14 zenefits ceo out due to compliance issue...no good
wealthfront...aum growth slows significantly |
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s*y
发帖数: 124 | 15 有意回国的同学可以看看:
上海私募,市场中性股票量化策略.业绩在同类私募位于顶尖水平.AUM已有一定的规模但
还在快速增长. 现在在招策略开发人员.要求数学功底扎实,毕业或就读于top school.
不要求有量化工作经验.薪水在国内competitive。简历请发给[email protected]/* */ |
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A********e
发帖数: 22 | 16 【 以下文字转载自 JobHunting 讨论区 】
发信人: AlwaysHope (BePositive), 信区: JobHunting
标 题: 招聘高级会计和Quant/IT @Boca Raton Florida
发信站: BBS 未名空间站 (Fri May 23 21:04:06 2014, 美东)
Company background：
Boca Raton, Florida based hedge fund with more than $200M asset under
management and
about 5 years very good track record.
We are a small firm with less than 5 employees at present.
Two positions available in Mid June.
1. Senior Accountant/Controller/Operation
Responsibilities including:
a. Daily NAV calculation, month... 阅读全帖 |
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n*******u
发帖数: 194 | 17 The Bank of Communication, founded in 1908 and based in Shanghai, is one the
“Big Five” banks in China. With the great development of asset management
in China, the bank reformed the asset management department as a new
important business division (profit center) to further the success of the
business. As of June 2014, the asset management center
has more than 1000 billion RMB (160 Billon USD) AUM. For now, we have the
following
positions urgently to fill:
1. Product Manager
Responsibility:
a. T... 阅读全帖 |
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T***y
发帖数: 6600 | 18 这个，你交钱的时候，人家没说用CC是会有费的吗？或者你没看到。
我这里，网上交水费，即使用银行转帐都要收费（用信用卡也收差不多的附加费）。只
有邮寄支票才没额外费。 |
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x******0
发帖数: 472 | 19 Call the company and ask them why they charged extra $7.5. |
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d********7
发帖数: 976 | 21 我们这里信用卡要收手续费,但是直接银行自动付帐,就没有手续费 |
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n*******u
发帖数: 194 | 23 The Bank of Communication, founded in 1908 and based in Shanghai, is one the
“Big Five” banks in China. With the great development of asset management
in China, the bank reformed the asset management department as a new
important business division (profit center) to further the success of the
business. As of June 2014, the asset management center has more than 1000
billion RMB (160 Billon USD) AUM. For now, we have the following positions
urgently to fill:
1. Product Manager
Responsibili... 阅读全帖 |
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H****d
发帖数: 12 | 24 【 以下文字转载自 Quant 讨论区 】
发信人: Hovald (BBB investment grade), 信区: Quant
标 题: 职业发展求教
发信站: BBS 未名空间站 (Sun Aug 30 20:27:58 2015, 美东)
上马甲问个职业发展的问题，版上各位大牛轻拍。
在美国也不少年了，浮浮沉沉折腾了不少，今年30出头。
现在在一个asset management firm做做portfolio research/optimization的活，工资
一般，bonus也不咋地，公司strategy是 long only而且感觉看不到啥往上爬的希望。
好处是工作比较闲，有大把自己的时间。本来自己的计划是用空闲时间做做自己的研究
，以后跳hedge fund，或者干脆自己攒点小钱做点小生意 （但是按现在攒钱的速度看
是遥遥无期）
现在有一个回国的机会，来得比较突然，是国内有家公募给了一个小基金经理的位置，
三年合同。
按照他们的说法先给点少量资金自己做，再逐渐发展，发产品，base比现在的工作低2
万美元，但是bonus 完全看以后的AUM。
好处是觉得公司给的... 阅读全帖 |
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m********0
发帖数: 2717 | 27 一般的PM，AUM都大概在50-500M之间。
M只能算micro portfolio，更难调整的。 |
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g*****u
发帖数: 14294 | 28 "Small fish" by what?
AUM is not a good predictor of the soundness of a manager's thesis. |
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v****0
发帖数: 1887 | 29 这个信不信由你
现在我N多同学 在花街就是干这个的
市场上有超过8000只hedge fund
平均寿命不到3年，
每年大概关掉25％
新增加25％
很多起步的hedge fund，都在用Amazon的云了
而不是自己搞server
至于mutual fund,大的肯定是自己的server
但是还是有很多小的，特别是那些small cap mutual fund
AUM相对较小，云比自己建server更合算。 |
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g*****u
发帖数: 14294 | 30 Mutual fund AUM is at about 20%. |
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t*******1
发帖数: 108 | 31 潜了好久水，几乎从来不发贴。
刚看了一篇文章有感。
老生常谈，如果不能简单说风险和汇报是成正比，至少可以肯定的说是正关联 (
positively correlated) 的吧。
忘记了那里看到的，有钱的人不需要冒太大的险；但是有能力冒险。没有钱的人需要冒
险；但是有不能承受风险。
刚才看的文章是今天 WSJ C11，题目是: ETFs? Not right Now. 介绍 Donna Levy, 据
说是2010 Barron 杂志年度前100名独立投资建议人。当然比不上WB，SOROS这些巨大牛
，但是象我辈凡人，看平凡人的感觉真实一点。她公司管的资产是：6B。她说（原话）：
A typical client with a moderate risk appetite earned an annualized 6.4%
before fees over the three years ended March 31, Ms. Levy says.
Note: Advisory fee 1% of AUM or less.
如果我们按这个回报，基本是不可能靠股市发财的。如果要靠股市发财... 阅读全帖 |
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S*********g
发帖数: 5298 | 32 没做过option，是不是option一般没有roll这说？
futures肯定是要roll到下个contract的。
最大的几个CTA的AUM都有二十billion以上，他们要是在一天之内roll完得话，这量就
大了 |
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S*********g
发帖数: 5298 | 33 用了2个简单技术
1)很简单，很naive的data mining来预测第二天的涨跌。这部分单独运行的话，本身也
是赚的，不过曲线没这么smooth。08年那段，和TA组合之后，drawdown小了很多。 这
部分需要两个个参数,一个是用来training的时间长度，一个是分cluster时候的参数。
没有对这2个参数进行优化，参数的选择基本上是拍脑袋选的。
2)很简单的TA来决定long还是short，这里有一个参数。这个参数也是没有经过特别的
优化，效果还是相当robust的。TA这部分是很久以前就做完了的，算式out of sample
test了一段时间了。这个部分单独运行的话，在2002年之前本来是小亏的。 Data
mining部分把2002年之前亏钱的变成了持平或者小赚。11年data mining部分基本不改
变TA这部分的效果。
所有trade在close的时候做，不做day trading。
另外解释一下第三张图里的leverage的意思，position = leverage * AUM / price |
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u******8
发帖数: 26 | 34 现在还没有这个打算。
如果注册的话，AUM需要在25mm以上或有大于15个客户。
小基金的维护成本太高了。 |
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c*******y
发帖数: 1630 | 35 全靠蒙的，最近日子好过一点了，黄金期早过了。
http://www.managedfutures.com/top_cta_rankings.aspx
Program Inception Snapshot AROR YTD WDD AUM ($M)
1
Winton Capital Management Ltd: Diversified Trading Program *CLSD*
10/1997 4.55% 3.70% -9.72% 24,900.00
2
Aspect Capital Limited: Aspect Diversified Program *QEP*
12/1998 2.35% 1.95% -17.14% 6,733.00
3
Transtrend B.V.: Diversified Trend Program - Enhanced Risk USD
01/1995 2.86% 1.00% -15.15% ... 阅读全帖 |
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E******2
发帖数: 88 | 36 青蛙这么多 如果你不能像大夫那么有干货而且无私交流
人艰不拆
如果你的aum超过10m 那么你怎么和手上只有几十k的人交流
亏费的青蛙们不是到版上来看你装逼的
是来获取信息的
换句话说 是来不劳而获的。。 |
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E******2
发帖数: 88 | 37 Still undervalued and former headwind = tailwind jmho
high yield +cash distributions/steady growth with increasing AUM/fee
just throwing some names:BX AMG KFN VOYA etc. |
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C*********e
发帖数: 587 | 38 .... this is a so so company in wall street, definite not a tier 1 layer in
HFT. From fund point of view, the AUM is small, actually they didn't make
too much by doing this type of auction trading.
The fact is that, SEC can do nothing for these big HFT players, the modern
HFT technology and algorithms are way beyond SEC's level, so ..... |
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d******r
发帖数: 16947 | 39 USO vs. UGA
When it comes to popularity, USO takes the cake. This ETF has accumulated
nearly $1.7 billion in assets under management since launching in 2006,
while UGA has also amassed an impressive $179 million in AUM since 2008. The
underlying differences between crude oil and gasoline futures contracts is
reflected in the expense ratios; USO charges 0.45%, while UGA charges a
steeper 0.60% in fees [see also ETF Tax Tutorial: Complete List Of ETFs That
Issue A K-1].
The fundamental differences... 阅读全帖 |
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y********n
发帖数: 4452 | 40 你不是要赚大钱出名吗？好多你的帖子都这么说。为什么不上wsj呢？出名钱也跟着来
了。你想想，你都登在wsj,开个对冲基金中国有钱人不都排队到美国给你送钱吗？到时
候几百亿美金AUM都小意思了。 |
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t***3
发帖数: 936 | 41 einhorn，ackman那些人也不是傻子，他们能不知道run这么concentrated的portfolio
的risk？
10b以上，要有alpha就很难了，基本都是靠insider trading。没有alpha，怎么
justify 2/20。说到底，他们是搞aum，吃2/20的，不是靠trading的。 |
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y********n
发帖数: 4452 | 42 散户比机构优势大的多去了，楼上说的不少。所以所有机构都是因为AUM变得太大
return被迫降低。 |
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y********n
发帖数: 4452 | 43 什么fund？有public information吗？AUM目前多少？ |
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y********n
发帖数: 4452 | 44 我当然知道不容易了。现在开个HF几十million AUM都很难维持公司赢利。其他的赚钱
更少了。 |
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y********n
发帖数: 4452 | 45 你说的那些人手下基金每年赚多少大家都知道的吧。你的基金去年和今年赚多少啊？
AUM现在多少啊，这个大家都不瞒着的吧。 |
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y********n
发帖数: 4452 | 46 我真的非常好奇有谁相信的，我觉得老马本人都想不承认了吧。连aum和每年return都
不敢说。 |
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W***n
发帖数: 11530 | 47 Hedge Fund Winners and Losers Emerge as Year Ends on Better Note
by Katia Porzecanski , Nishant Kumar , and Bei Hu
December 20, 2016, 12:00 AM CST December 20, 2016, 8:14 AM CST
Strategies focused on macro trends produced the worst returns
Who Were 2016's Hedge Fund Winners and Losers?
This was the year to ridicule hedge funds. Pension funds, politicians,
Warren Buffett, even hedge fund managers themselves -- they all had
something to say about the disappointing performance, high fees and market... 阅读全帖 |
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x*********n
发帖数: 28013 | 48 不需要任何license。
启动资金不需要任何。
问题是，你的franchise tax，你的tax auditor，你的律师费注册费。
这样，每年大概需要5k -10k，
AUM 1m， 你大概用1%来维持这个cost，比较make sense。
你要是return高，那10万，20万也可以开，问题是需要保持高增长 |
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n****i
发帖数: 1772 | 49 沙特主权基金的AUM是2T, 60-70B是0.3-0.4%。。。 |
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l******o
发帖数: 162 | 50 Founded in 1969, Jennison Associates is the fundamental equity investment
arm of PGIM, with $168 billion in assets under management as of September 30
, 2016. The firm also invests in active fixed income, with approximately 40%
of its total AUM invested in non-equity securities. |
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