Hedge Fund Letters To Investors

Hedge fund letters to investors

Q1 2016

Hedge Funds and Proprietary Trading Firms

AQR

Aqr Capital Management Llc is a Connecticut-based hedge fund that was founded by Cliff Asness. It had more than $164.00 billion assets under management in January, 2015. This fund invests only a small percentage of its assets in equities and options. Aqr Capital Management Llc is the 24th largest hedge fund in our database. Taken from Aqr Capital Management latest Adv, the fund reported to have 400 full and part-time employees. Among which 151 performing investment advisory and research functions. The hedge fund had more than 200 clients. There are few in the financial world who do not know the name of Cliff Asness. He graduated from the University of Pennsylvania with degrees in Economics and Engineering. He then earned an MBA and a PhD in Finance at the University of Chicago. He was a research assistant to Eugene Farma and he wrote his dissertation on using fundamental analysis to figure out the true value of a stock. He realized that it was possible to beat the market regularly through exploiting value and momentum. He had since won awards for his research.

Bridgewater Associates is a Connecticut-based hedge fund that was founded by Ray Dalio. It had more than $197.00 billion assets under management in November, 2014. This fund invests only a small percentage of its assets in equities and options. Bridgewater Associates Lp is the 19th largest hedge fund in our database. Taken from Bridgewater Associates latest Adv, the fund reported to have 1274 full and part-time employees. Among which 375 performing investment advisory and research functions. The hedge fund had more than 114 clients.

Electrified Capital is a boutique proprietary trading company which uses a variety of automated and discretionary strategies such as macro trading, currency momentum as well as news trading. The company has also specialized in natural language processing (NLP) as a signal generation for news trading.

Quest Partners is a research driven alternative investment firm headquartered in New York. The firm was founded by Nigol Koulajian in 2001. Quest employs a quantitative trading process across multiple asset classes in over 50 liquid global markets including commodities, currencies, equity indices and fixed income. Distinct programs are designed to generate alpha, replicate CTA performance and/or hedge specific market risks. Clients include family offices, foundations, fund-of-funds and some of the world’s largest pension plans.

ISAM

ISAM Systematic Trend “ISAM Systematic” is a pure trend following system tracing its roots back to 1981. It is the firm’s flagship strategy, with a transparent approach to reporting and research. The strategy is applied to over 200 global financial and commodity futures markets, capturing profits from market divergence, utilizing adaptive trend-seeking methods on a medium-term time-frame, with a shorter-term focus on risk management.