Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance
by Kevin R. Mirabile
What is the Profile of a Relative Value Manager?
Fixed-income arbitrage covers a wide range of managers and fund styles. Two managers that have been in the business for many years and who have proven themselves to be able to successfully navigate changing market conditions using a variety of relative value strategies are Pine River Capital Management and BlueCrest Capital Management.
Pine River
According to the company's website, the firm Pine River Capital Management LP was founded by Brian Taylor founded in early 2002. Brian's relative value trading experience began in the late 1980s in the Financial Markets Department at Cargill. He founded Pine River to pursue opportunities in global relative value trading. Founded in 2002, the firm was located in Pine River, Minnesota. It moved to Minneapolis, Minnesota, in 2003. In 2007, Pine River outgrew its headquarters and relocated to Minnetonka, Minnesota, just a few miles west of downtown Minneapolis. Pine River opened research and trading offices in London in 2004, Hong Kong in 2007, and San Francisco and New York in 2008. In the summer of 2010, Pine River opened a research office in Beijing. The Minnetonka office remains the headquarters and houses all of the control functions including: risk, accounting, settlements, treasury, client service, compliance, human resources, and the internal counsel, according to the company website.
BlueCrest Capital
According to the company's website, BlueCrest Capital Management is an alternative ...
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