J*****n
发帖数: 4859 | 1 Deustche Bank-Backed Roc Liquidating Hedge Fund
Aug 1 2013 | 11:36am ET
Despite an impressive pedigree and some powerful backers, Roc Capital
Management is closing its doors in the face of falling assets and poor
performance.
The New York-based hedge fund has begun to liquidate its remaining portfolio
, Bloomberg News reports. Roc plans to return all capital to clients within
a few weeks.
Roc managed just $642 million at the beginning of March, down from $1.2
billion when it launched in 2009. The quantitative hedge fund was among the
largest new hedge funds of that year, and was backed by Deutsche Bank, where
founder Arvind Raghunathan and most of its staff formerly worked at its
Equitech Group. The bank owned at least a 5% stake in Roc and put up $500
million of its initial capital.
Roc also had the support of one of India's richest couples, the daugher of
ArcelorMittal chief Lakshmi Mittal and her husband, who in 2011 took between
a 10% and 25% stake in Roc.
Roc, which has suffered losses, will survive as a firm. It plans to launch a
new fund that will manage employee money only—at least initially.
这家我当年还面过，很吊的样子。
刚成立就1.2个B，还是原班人马，stat arbi也能倒掉，也是奇葩了。 |
h****e
发帖数: 2125 | 2 有个ID叫什么DPZC的好像就在那里吧？
portfolio
within
the
【在 J*****n 的大作中提到】
: Deustche Bank-Backed Roc Liquidating Hedge Fund
: Aug 1 2013 | 11:36am ET
: Despite an impressive pedigree and some powerful backers, Roc Capital
: Management is closing its doors in the face of falling assets and poor
: performance.
: The New York-based hedge fund has begun to liquidate its remaining portfolio
: , Bloomberg News reports. Roc plans to return all capital to clients within
: a few weeks.
: Roc managed just $642 million at the beginning of March, down from $1.2
: billion when it launched in 2009. The quantitative hedge fund was among the
|
J*****n
发帖数: 4859 | |
d*j
发帖数: 13780 | 4 啊。。。 那个大牛在那里啊。。。
【在 h****e 的大作中提到】
: 有个ID叫什么DPZC的好像就在那里吧？
:
: portfolio
: within
: the
|
G*********o
发帖数: 2045 | 5 Equitech group是啥？
portfolio
within
★ 发自iPhone App: ChineseWeb 7.8
【在 J*****n 的大作中提到】
: Deustche Bank-Backed Roc Liquidating Hedge Fund
: Aug 1 2013 | 11:36am ET
: Despite an impressive pedigree and some powerful backers, Roc Capital
: Management is closing its doors in the face of falling assets and poor
: performance.
: The New York-based hedge fund has begun to liquidate its remaining portfolio
: , Bloomberg News reports. Roc plans to return all capital to clients within
: a few weeks.
: Roc managed just $642 million at the beginning of March, down from $1.2
: billion when it launched in 2009. The quantitative hedge fund was among the
|
n******t
发帖数: 4406 | 6 这名字屌丝味极浓。
【在 G*********o 的大作中提到】
: Equitech group是啥？
:
: portfolio
: within
: ★ 发自iPhone App: ChineseWeb 7.8
|
J*****n
发帖数: 4859 | 7
what about rentect?
【在 n******t 的大作中提到】
: 这名字屌丝味极浓。
|
h****e
发帖数: 2125 | 8 rentect是啥？
【在 J*****n 的大作中提到】
:
: what about rentect?
|
J*****n
发帖数: 4859 | 9 Renaissance Technologies
【在 h****e 的大作中提到】
: rentect是啥？
|
h****e
发帖数: 2125 | 10 缩写是rentect？您老还真以为我不知道啊？
【在 J*****n 的大作中提到】
: Renaissance Technologies
|
|
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J*****n
发帖数: 4859 | 11
上班时间，谁有闲工夫打全称。
【在 h****e 的大作中提到】
: 缩写是rentect？您老还真以为我不知道啊？
|
n***n
发帖数: 202 | 12 This just confirms that it's very hard to have a strategy that consistently
makes money.
Hedge fund startups are no different than other business startups. The
failure rate is very high. Most hedge fund mangers don't make a lot of money
, at least not in millions.
For young phds who want to get into hedge fund industry, especially prop
trading. It's important to remember that no matter how smart you're, how
hard you work; if you don't make money, you don't get paid. You may even
lose your job. It may sound unfair but it's cold hard facts.
portfolio
within
【在 J*****n 的大作中提到】
: Deustche Bank-Backed Roc Liquidating Hedge Fund
: Aug 1 2013 | 11:36am ET
: Despite an impressive pedigree and some powerful backers, Roc Capital
: Management is closing its doors in the face of falling assets and poor
: performance.
: The New York-based hedge fund has begun to liquidate its remaining portfolio
: , Bloomberg News reports. Roc plans to return all capital to clients within
: a few weeks.
: Roc managed just $642 million at the beginning of March, down from $1.2
: billion when it launched in 2009. The quantitative hedge fund was among the
|
d*******c
发帖数: 181 | 13
chris he？记得好像在db做it的那个？
【在 h****e 的大作中提到】
: 有个ID叫什么DPZC的好像就在那里吧？
:
: portfolio
: within
: the
|
s*******s
发帖数: 1568 | 14 08，09年发一票就可以退休了，每年都tradE多累啊
consistently
money
【在 n***n 的大作中提到】
: This just confirms that it's very hard to have a strategy that consistently
: makes money.
: Hedge fund startups are no different than other business startups. The
: failure rate is very high. Most hedge fund mangers don't make a lot of money
: , at least not in millions.
: For young phds who want to get into hedge fund industry, especially prop
: trading. It's important to remember that no matter how smart you're, how
: hard you work; if you don't make money, you don't get paid. You may even
: lose your job. It may sound unfair but it's cold hard facts.
:
|
d***s
发帖数: 152 | 15 人家是说你打错了，简称应该是Rentech。
【在 J*****n 的大作中提到】
:
: 上班时间，谁有闲工夫打全称。
|
d*****r
发帖数: 2583 | 16 en, desk上面是很忙的。
【在 J*****n 的大作中提到】
:
: 上班时间，谁有闲工夫打全称。
|
d*****r
发帖数: 2583 | 17 在desk上面忙的人都这样，除了数字不会错，其他差不多就行了，trader没有时间
跟你解释rentect就是rentech，人家一秒上下几十万哪，改个typo的时间都可以退休啦
【在 d***s 的大作中提到】
: 人家是说你打错了，简称应该是Rentech。
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