47 Degrees North Capital Management
Strategies:
Fund of Funds, Emerging Markets
Description:
47 Degrees North Capital Management is a specialist alternative investment firm offering fund of hedge fund investments to institutional investors seeking access to emerging managers, innovative strategies and thematic hedge fund investments. $& Degrees North identifies managers using a qualitative and quantitative process.
Leadership:
Claude F. Porret, CEO
Managing Member, CEO
Assets Under Management (AUM):
$100 Million
Website:
www.47n.com
Contact Information:
47 Degrees North Capital Management
440 Park Avenue South, 14th Floor
New York, NY 10016
Phone: 2129203570
Fax: 2129203571
Hedge Fund Information, Hedge Fund Performance, Hedge Fund Lists, Hedge Fund Jobs, Hedge Fund Returns,regulation of Hedge Funds Hedge Fund Performance, and Fund of Funds, and Fund of Hedge Funds
3.29.2010
6800 Capital - Hedge Fund Manager Profiles
6800 Capital
Strategies:
Multi Strategy, Fund of Funds
Description:
6800 Capital is a New Jersey based fund of hedge funds manager. The firm's manager selection is based on a database of over 5,000 advisors from ultiple asset classes including equities, interest rate markets, commodities, and currencies. The firm also offers specialized and custom tailored funds designed for those investors looking to enhance their existing portfolio of alternative investments.
Leadership:
Paul R. Morin, Director of Research
Chairman, Director of Research
Assets Under Management (AUM):
$240 Million
Website:
www.6800capitalllc.com
Contact Information:
6800 Capital
One Palmer Square East, Suite 530
Princeton, NJ 8542
Phone: 6099216595
Fax: 6096831397
Strategies:
Multi Strategy, Fund of Funds
Description:
6800 Capital is a New Jersey based fund of hedge funds manager. The firm's manager selection is based on a database of over 5,000 advisors from ultiple asset classes including equities, interest rate markets, commodities, and currencies. The firm also offers specialized and custom tailored funds designed for those investors looking to enhance their existing portfolio of alternative investments.
Leadership:
Paul R. Morin, Director of Research
Chairman, Director of Research
Assets Under Management (AUM):
$240 Million
Website:
www.6800capitalllc.com
Contact Information:
6800 Capital
One Palmer Square East, Suite 530
Princeton, NJ 8542
Phone: 6099216595
Fax: 6096831397
3.22.2010
Hedge Fund Gains From Cold Arctic Weather
Betting on Weather
Plenum Power Surge, a hedge fund based in Switzerland, is up 19% in just the first two month sof 2010 after betting on increasing power prices in Scandinavian countries.
The Plenum
Power Surge fund manages almost $100 million in assets and has correctly predicted increasing prices after the coldest winter in Sweden in more than 20 years.
Henrik Wennberg, portfolio manager of the fund said, "...we were bullish on weather....and started buying then to take long positions."
Read More
Plenum Power Surge, a hedge fund based in Switzerland, is up 19% in just the first two month sof 2010 after betting on increasing power prices in Scandinavian countries.
The Plenum
Power Surge fund manages almost $100 million in assets and has correctly predicted increasing prices after the coldest winter in Sweden in more than 20 years.
Henrik Wennberg, portfolio manager of the fund said, "...we were bullish on weather....and started buying then to take long positions."
Read More
Hedge Fund Cover Letter Tips
Hedge Fund Cover Letters
Applying for a hedge fund job? You are going to need a strong hedge fund cover letter. Most hedge fund managers won't give your resume/cover letter more than a few seconds of their time (time is money). Writing a unique and concise cover letter is essential if you want a second-glance from most hedge fund managers.
Brevity is important. Don't waste the time of the person reading with boring cliches or superfluous information. However, there are a few key things you must say in your hedge fund cover letter:
Of course, you shouldn't forget cover letter basics such as formatting and closing with a call to action (invite to meeting, or commit to a phone call etc.) You can find some cover letter basics here.
Also, make sure to check out our Hedge Fund Resume Writing Guide.
More info on hedge fund cover letters:
Guide to Getting a Hedge Fund Job
Cover Letter and Resume Editing
Applying for a hedge fund job? You are going to need a strong hedge fund cover letter. Most hedge fund managers won't give your resume/cover letter more than a few seconds of their time (time is money). Writing a unique and concise cover letter is essential if you want a second-glance from most hedge fund managers.
Brevity is important. Don't waste the time of the person reading with boring cliches or superfluous information. However, there are a few key things you must say in your hedge fund cover letter:
- Who are you and what can you do for this specific hedge fund manager?
- What do you want to do for the hedge fund (research, quant, programming, internship)?
- Why are you qualified for this role / what makes you the right person?
Of course, you shouldn't forget cover letter basics such as formatting and closing with a call to action (invite to meeting, or commit to a phone call etc.) You can find some cover letter basics here.
Also, make sure to check out our Hedge Fund Resume Writing Guide.
More info on hedge fund cover letters:
Guide to Getting a Hedge Fund Job
Cover Letter and Resume Editing
Hedge Fund Resume Writing Tips
Hedge Fund Resumes
Increased competition and consolidation among hedge funds and other alternative investment companies has potential employees scrambling to get an advantage. Though your qualifications are paramount, presenting your skills properly through a well-designed resume can be of significant importance. Below, you will find some tips on writing a quality hedge fund resume.
There are plenty of resources on general resume writing. If you need a refresher course on the basics of resume writing, go here. This post will focus specifically on some of the
important considerations for writing hedge fund resumes with impact. We also assume that many of those reading this post are looking for relatively entry-level hedge fund jobs such as Hedge Fund Analyst or Hedge Fund Associate, maybe even an internship with a hedge fund.
The first step is to identify anything from your academic or employment history that might help you stand out from the dozens or hundreds of other potential applicants for the job. Most people applying for a hedge fund Analyst role, for example, will have excellent GPAs from top universities. This is especially true for large hedge funds in New York, which often draw many Ivy League applicants. If your GPA or SAT scores were outstanding, include them, but if you put too much focus on something like grades or test scores, you risk being outmatched by an applicant with even better ones. Instead, try to focus on an unique achievement that demonstrates why you are qualified and also helps you to stand out from the competition. Maybe you helped found your university's investment club, maybe you had an internship with a boutique hedge fund, maybe you helped create a charity sponsoring micro-loans in Asia.
Find that achievement that differentiates you and highlight it. Unless your academic and professional history are superb, being bland will get your resume and cover letter tossed in the trash.
Remember, your resume will be unlikely to get more than a brief glance from most hedge fund managers. You have to make an impression. If necessary, you can use the interests section of your resume to get some attention. Be careful not to overdo this section, but if you happen to know that a certain hedge fund manager dines at fancy French restaurants, and you are huge wine connoisseur, maybe you mention in here.
Now, focus on creating a hedge fund cover letter that will give the person reviewing your application reason to look at your stellar resume.
More info on hedge fund resumes:
Foot in the Door, The Art of the Hedge Fund Resume
Guide to Getting a Hedge Fund Job
Increased competition and consolidation among hedge funds and other alternative investment companies has potential employees scrambling to get an advantage. Though your qualifications are paramount, presenting your skills properly through a well-designed resume can be of significant importance. Below, you will find some tips on writing a quality hedge fund resume.
There are plenty of resources on general resume writing. If you need a refresher course on the basics of resume writing, go here. This post will focus specifically on some of the
important considerations for writing hedge fund resumes with impact. We also assume that many of those reading this post are looking for relatively entry-level hedge fund jobs such as Hedge Fund Analyst or Hedge Fund Associate, maybe even an internship with a hedge fund.
The first step is to identify anything from your academic or employment history that might help you stand out from the dozens or hundreds of other potential applicants for the job. Most people applying for a hedge fund Analyst role, for example, will have excellent GPAs from top universities. This is especially true for large hedge funds in New York, which often draw many Ivy League applicants. If your GPA or SAT scores were outstanding, include them, but if you put too much focus on something like grades or test scores, you risk being outmatched by an applicant with even better ones. Instead, try to focus on an unique achievement that demonstrates why you are qualified and also helps you to stand out from the competition. Maybe you helped found your university's investment club, maybe you had an internship with a boutique hedge fund, maybe you helped create a charity sponsoring micro-loans in Asia.
Find that achievement that differentiates you and highlight it. Unless your academic and professional history are superb, being bland will get your resume and cover letter tossed in the trash.
Remember, your resume will be unlikely to get more than a brief glance from most hedge fund managers. You have to make an impression. If necessary, you can use the interests section of your resume to get some attention. Be careful not to overdo this section, but if you happen to know that a certain hedge fund manager dines at fancy French restaurants, and you are huge wine connoisseur, maybe you mention in here.
Now, focus on creating a hedge fund cover letter that will give the person reviewing your application reason to look at your stellar resume.
More info on hedge fund resumes:
Foot in the Door, The Art of the Hedge Fund Resume
Guide to Getting a Hedge Fund Job
2.24.2010
Largest Hedge Funds Control Only 1% of Market?
Do Hedge Funds Only Control Small Portion of Market?
It is a common perception that major hedge funds control much if not most of the equity and commodity markets. This is not an unreasonable belief considering hedge funds in the US control over $1 trillion in assets. Citadel Investment Group, one of the US' largest funds, is said to account for almost 3% of US trading volume.
Well, on Tuesday Feb. 23, the U.K. Financial Services Authority found that 50 of the U.K.'s largest hedge funds control less than 1% of the European stock market. The 50 firms in that survey manage about $300 billion USD in assets. They also concluded that no individual hedge fund posed any systemic risk.
According to the WSJ, the study looked at all assets of these funds including their long and short positions as well as derivatives.
There are some flaws with the above conclusions though. Conspicuously absent is a report on hedge funds' total share of market activity as opposed to simply their holdings. It is also unclear from the WSJ article how the derivative values were calculated and whether short positions were netted against long positions or added.
Still it is interesting that based on UK regulators' statements, they see even large hedge funds as posing little risk to the system.
It is a common perception that major hedge funds control much if not most of the equity and commodity markets. This is not an unreasonable belief considering hedge funds in the US control over $1 trillion in assets. Citadel Investment Group, one of the US' largest funds, is said to account for almost 3% of US trading volume.
Well, on Tuesday Feb. 23, the U.K. Financial Services Authority found that 50 of the U.K.'s largest hedge funds control less than 1% of the European stock market. The 50 firms in that survey manage about $300 billion USD in assets. They also concluded that no individual hedge fund posed any systemic risk.
According to the WSJ, the study looked at all assets of these funds including their long and short positions as well as derivatives.
There are some flaws with the above conclusions though. Conspicuously absent is a report on hedge funds' total share of market activity as opposed to simply their holdings. It is also unclear from the WSJ article how the derivative values were calculated and whether short positions were netted against long positions or added.
Still it is interesting that based on UK regulators' statements, they see even large hedge funds as posing little risk to the system.
Hedge Funds Quit Shortselling As Rule Change Looms
Is Fear of Short-Selling Bans Driving Hedge Funds to Limit Exposures?
Hedge funds have been reigning in their short-selling in anticipation of new rules on short-selling, according to the Wall Street Journal. Today, the SEC voted to restrict short-selling on stocks that have declined by more than 10% in a single day. Insiders also believe their will be a new uptick rule preventing hedge funds and other investors from short-selling stocks that
declined on their last price movement.
According to Bob Sloan, founder of S3 Partners, there is no question that hedge funds have backed of short-selling for fear of regulatory changes.
Since last April when short-selling bans were first seriously discussed, the ration of long positions to short/borrowed positions has increased 30%, according to the WSJ. The article fails to mention whether some of this shift can be attributed to market performance and expectations rather than fear of new short-selling bans.
Hedge funds have been reigning in their short-selling in anticipation of new rules on short-selling, according to the Wall Street Journal. Today, the SEC voted to restrict short-selling on stocks that have declined by more than 10% in a single day. Insiders also believe their will be a new uptick rule preventing hedge funds and other investors from short-selling stocks that
declined on their last price movement.
According to Bob Sloan, founder of S3 Partners, there is no question that hedge funds have backed of short-selling for fear of regulatory changes.
Since last April when short-selling bans were first seriously discussed, the ration of long positions to short/borrowed positions has increased 30%, according to the WSJ. The article fails to mention whether some of this shift can be attributed to market performance and expectations rather than fear of new short-selling bans.
2.09.2010
Hedge Fund D.E. Shaw to buy Distressed Hedge Fund Assets
DE Shaw, one of the largest hedge funds in the world ($28 Billion AUM), announced today that it is setting up a team to examine buy distressed assets from other hedge funds. The fund will be called DE Shaw Portfolio Acquisitions Unit.
D.E. Shaw, The Financial Times said, is particularly interested in snapping up distressed assets that other hedge funds have “side-pocketed,” or split from their healthy assets, in order to keep them from affecting returns.
Read More
Related:
Jobs At DE Shaw
DE Shaw Founder
D.E. Shaw, The Financial Times said, is particularly interested in snapping up distressed assets that other hedge funds have “side-pocketed,” or split from their healthy assets, in order to keep them from affecting returns.
Read More
Related:
Jobs At DE Shaw
DE Shaw Founder
1.29.2010
Hedge Funds Sue Porsche
A group of 4 US hedge funds is suing luxury carmaker Porsche for more than $1 billion. The funds accuse Porsche of repeatedly misleading the public about their intent to purchase Volkswagen.
The four hedge funds were shorting Volkswagen stock and the takeover announcement sent shares of Volkswagen skyrocketing.
Read More
1.25.2010
Hedge Funds Helping Haiti
Hedge Funds Helping Haiti
The Hedge Funds Helping Haiti Challenge is put to all hedge funds and other alternative investment managers across the globe: donate to any charity serving Haiti earthquake victims.
Hedge Fund Aid is recognizing those funds that donate by acknowledging them on their website and in press releases.
This seems like a great way to get your fund involved in an important cause while also showing the public how responsive the alternative investment community can be to crisis.
1.12.2010
Hedge Funds Hit Hard by Redemptions in December
Hedge Funds Faced Tough Month as Redemptions Top $4 Billion in December
Though partially due to seasonal factors, hedge funds saw net outflows of more than $4 billion in December, ending what was a somewhat positive quarter for hedge funds overall.
According to Peter H Laurelli of HedgeFund.net“Although it is an outflow, it is still the lowest change in assets due to investor flow for the year.”
According to the article, investors pulled over $330 B from hedge funds in all of 2009, or 15% of total hedge fund assets. Much of this was early in the year as the US faced an unprecedented financial crisis:
Source: NYTimes Dealbook
Though partially due to seasonal factors, hedge funds saw net outflows of more than $4 billion in December, ending what was a somewhat positive quarter for hedge funds overall.
According to Peter H Laurelli of HedgeFund.net“Although it is an outflow, it is still the lowest change in assets due to investor flow for the year.”
According to the article, investors pulled over $330 B from hedge funds in all of 2009, or 15% of total hedge fund assets. Much of this was early in the year as the US faced an unprecedented financial crisis:
Source: NYTimes Dealbook
List of Fund of Hedge Funds in California
Fund of Hedge Funds (FoFs) in California
Below is a partial list of fund of funds in the state of California:
Source: HedgeFundJobList.com
Below is a partial list of fund of funds in the state of California:
| Firm | City | State | Website | Type |
| Altegris Investments | San Diego | CA | www.altegris.com | Fund of Funds |
| Belvedere Global Investors | Belvedere | CA | www.sophia-capital.com | Fund of Funds |
| Coast Asset Management | Santa Monica | CA | www.coastasset.com | Fund of Funds |
| Coast Asset Management | Sausalito | CA | www.coastasset.com | Fund of Funds |
| Cogo Wolf Asset Management | San Francisco | CA | www.cogowolf.com | Fund of Funds |
| Financia Capital | San Francisco | CA | www.financiacapital.com | Fund of Funds |
| Gerken Capital Associates | Mill Valley | CA | www.gerkencapital.com | Fund of Funds |
| Grandway Asset Management | Pasadena | CA | www.grandway.com | Fund of Funds |
| Grosvenor Capital Management | San Francisco | CA | www.grosvenor.com | Fund of Funds |
| Hall Capital Partners LLC | San Francisco | CA | www.hallcapital.com | Fund of Funds |
| Harvest Capital Strategies | San Francisco | CA | www.harvestcaps.com | Fund of Funds |
| Hollencrest Capital Management | Newport Beach | CA | www.hollencrest.com | Fund of Funds |
| Ironwood Capital Management | San Francisco | CA | www.ironwoodpartners.com | Fund of Funds |
| Ivy Asset Management Corp. | San Francisco | CA | www.ivyasset.com | Fund of Funds |
| Lee Capital Management | Palos Verdes Estates | CA | www.rjlpartners.com | Fund of Funds |
| Morgan Stanley Investment Management Inc. | San Francisco | CA | www.morganstanley.com/im/ | Fund of Funds |
| MVice President Asset Management | San Francisco | CA | www.mvpam.com | Fund of Funds |
| MVice President Asset Management | Tahoe City | CA | www.mvpam.com | Fund of Funds |
| Pacific Alternative Asset Management | Irvine | CA | www.paamco.com | Fund of Funds |
| Park Street Capital Advisors | San Francisco | CA | www.parkstreetcapital.com | Fund of Funds |
| Paul Capital Partners | San Francisco | CA | www.paulcap.com | Fund of Funds |
| Progress Investment Management Company | San Francisco | CA | www.progressinvestment.com | Fund of Funds |
| Telesis Capital | Marina del Rey | CA | www.telesiscapital.com | Fund of Funds |
| The Compass Group | Laguna Hills | CA | www.compassequity.com | Fund of Funds |
| Weston Capital Management | Los Angeles | CA | www.westoncap.com | Fund of Funds |
| Woodbridge Capital Partners | Lodi | CA | www.woodbridgecapitalpartners.com | Fund of Funds |
| Woodbridge Capital Partners | Santa Monica | CA | www.woodbridgecapitalpartners.com | Fund of Funds |
| PCG Asset Management | La Jolla | CA | www.pcgam.com | Fund of Funds |
Source: HedgeFundJobList.com
List of Fund of Hedge Funds in Connecticut
Fund of Hedge Funds (FoFs) in Connecticut
Below is a partial list of fund of funds in the state of Connecticut:
Source: HedgeFundJobList.com
Below is a partial list of fund of funds in the state of Connecticut:
| Firm | Denver | State | Website | Type |
| Aetna Capital Management | West Hartford | CT | www.aetnacapitalmanagement.com | Fund of Funds |
| Alternative Investment Group | Southport | CT | www.altinv.com | Fund of Funds |
| Dawson-Herman Capital Management | Southport | CT | www.dawsonherman.com | Fund of Funds |
| Ferrell Capital Management | Greenwich | CT | www.ferrellcapital.com | Fund of Funds |
| Flag Capital Management | Stamford | CT | www.flagcapital.com | Fund of Funds |
| Greenwich Alternative Investments | Stamford | CT | www.greenwichai.com | Fund of Funds |
| Harbor Drive Asset Management | Stamford | CT | www.hdam.com | Fund of Funds |
| K2 Advisors | Stamford | CT | www.k2advisors.com | Fund of Funds |
| Millburn Ridgefield | Greenwich | CT | www.millburncorp.com | Fund of Funds |
| Parker Global Strategies | Stamford | CT | www.parkerglobal.com | Fund of Funds |
| Performance Equity Management | Greenwich | CT | www.peqm.com | Fund of Funds |
| Sands Brothers Asset Management | Greenwich | CT | www.sandsbros.com | Fund of Funds |
| The Compass Group | Westport | CT | www.compassequity.com | Fund of Funds |
| Walbert Capital Management | New Canaan | CT | www.walbertcapital.com | Fund of Funds |
| Weston Capital Asset Management | Westport | CT | www.westoncapital.com | Fund of Funds |
Source: HedgeFundJobList.com
List of Fund of Hedge Funds in Florida
Fund of Hedge Funds (FoFs) in Florida
Below is a partial list of fund of funds in the state of Florida:
Source: HedgeFundJobList.com
Below is a partial list of fund of funds in the state of Florida:
| Firm | City | State | Website | Type |
| Anchor Point Capital | Coral Gables | FL | www.anchorpointcapital.com | Fund of Funds |
| Aspen Grove Capital Management | West Palm Beach | FL | www.aspengrovecm.com | Fund of Funds |
| Collins Capital Management | Coral Gables | FL | www.collinscap.com | Fund of Funds |
| Dominick & Dominick | Miami | FL | www.dominickanddominick.com | Fund of Funds |
| Fairholme Capital Management | Miami | FL | www.fairholme.net | Fund of Funds |
| Global Partners Group | Fort Lauderdale | FL | www.globalpartnersgroup.com | Fund of Funds |
| Harborlight Capital Management | Tampa | FL | www.harborlightcapital.com | Fund of Funds |
| HIRST Corporation | Lake Mary | FL | www.hirst.net | Fund of Funds |
| Karasel Asset Management | Boca Raton | FL | www.karasellp.com | Fund of Funds |
| LCM Global | Tampa | FL | www.lcmglobal.com | Fund of Funds |
| Lighthouse Investment Partners | Palm Beach Gardens | FL | www.lighthousepartners.com | Fund of Funds |
| Palm Beach Capital Advisors | Palm Beach | FL | www.pbcapitaladvisors.com | Fund of Funds |
Source: HedgeFundJobList.com
List of Fund of Hedge Funds in Illinois
Fund of Hedge Funds (FoFs) in Illinois
Below is a partial list of fund of funds in the state of Illinois:
Source: HedgeFundJobList.com
Below is a partial list of fund of funds in the state of Illinois:
| Firm | City | State | Website | Type |
| Adams Street Partners | Chicago | IL | www.adamsstreetpartners.com | Fund of Funds |
| Calder Capital Partners | Chicago | IL | www.caldercapital.com | Fund of Funds |
| Contego Capital Partners | Chicago | IL | www.contegocapital.com | Fund of Funds |
| Efficient Capital Management | Naperville | IL | www.efficientcapital.com | Fund of Funds |
| Evanston Capital Management | Evanston | IL | www.evanstoncap.com | Fund of Funds |
| FIS Group | Chicago | IL | www.fisgroup.com | Fund of Funds |
| Glenwood Capital Investments | Chicago | IL | www.glenwood.com | Fund of Funds |
| Guidance Capital | Chicago | IL | www.guidancecapital.com | Fund of Funds |
| HFR Asset Management | Chicago | IL | www.hfr.com | Fund of Funds |
| Lighthouse Investment Partners | Chicago | IL | www.lighthousepartners.com | Fund of Funds |
| Mesirow Advanced Strategies | Chicago | IL | www.mesirowfinancial.com | Fund of Funds |
| Millburn Ridgefield | Evanston | IL | www.millburncorp.com | Fund of Funds |
| Muller & Monroe Asset Management | Chicago | IL | www.m2am.com | Fund of Funds |
| Twin Bridge Capital Partners | Chicago | IL | www.twinbridgecapital.com | Fund of Funds |
Source: HedgeFundJobList.com
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