c********r
发帖数: 1422 | 1 his hedge fund AUM $12.5B. net inflows $4B this year, ranked third in the
industry. |
s******r
发帖数: 324 | 2 Of course Yan Huo is good, he has a long track record, precent return is not
great. But very consistent. |
f****i
发帖数: 201 | 3 每年都有super performance fund，但最后能坚持下来的还是那些持久稳赚的 |
C*A
发帖数: 63 | 4 He is the best Chinese hedge fund manager. The flagship fund he manages is $
6.8b Capula Global Relative Value. Its Sharpe ratio is 2.66 since 2005.
When you manage $10m, it is good to have 2.5+ Sharpe in 6 years. When you
manage $100m, it is very good to have 2.5+ Sharpe in 6 years. When you
manage $6b and have Sharpe ratio 2.5+, you are one of the best hedge fund
manager in the world.
Yan Huo becomes a legendary hedge fund manager. |
C*A
发帖数: 63 | 5 Capula, serene amid the black swans:
Capula Investment Management, a London fixed-income hedge fund manager, has
made a clear statement of intent with two high-profile hires in the last
three months: it wants to compete with the big guns.
http://www.efinancialnews.com/story/2011-07-11/capula-serene |
a******c
发帖数: 7 | 6 Capula是我们的COMPETITOR,这么大的SIZE做Fixed income RV能产生如此稳定的回报确
实很不容易 |
s******r
发帖数: 324 | 7 some stable strategy work well but might not be that scalable for example,
trading on the run versus off the run, curious what's capula's core strategy
. yield curve? |
c**v
发帖数: 55 | 8 Can I ask what's the Capula's return rate during the same period?
sharpe alone could not tell much about the fund perfromance, especially for
fixed income, which has problems with mark-to-market accounting due to low
liquidity.
absolute return is critical, otherwise I could barely put money in bank
account to get high sharpe and infinite calmar, but that tells nothing but I
am moron.
There is no doubt Huo is a great trader, but I like to see the whole picture
of the "man", not the "inflated" legendary.
$
【在 C*A 的大作中提到】
: He is the best Chinese hedge fund manager. The flagship fund he manages is $
: 6.8b Capula Global Relative Value. Its Sharpe ratio is 2.66 since 2005.
: When you manage $10m, it is good to have 2.5+ Sharpe in 6 years. When you
: manage $100m, it is very good to have 2.5+ Sharpe in 6 years. When you
: manage $6b and have Sharpe ratio 2.5+, you are one of the best hedge fund
: manager in the world.
: Yan Huo becomes a legendary hedge fund manager.
|
s******r
发帖数: 324 | |
c**v
发帖数: 55 | 10 NB.
【在 s******r 的大作中提到】
: About 10-12% per year.
|
|
|
C*A
发帖数: 63 | 11 During the period, annual return: 8.5 - 16% (target: 10%+); annual vol: 4.2%
(target: 5%).
When a hedge fund manager is able to produce 2.5+ Sharpe ratio with billions
dollar over 6 years and creates one of the biggest hedge fund ($10b+), he
is already a superstar. If he is keeping doing it, he will become a hedge
fund legend. It is a fact.
for
I
picture
【在 c**v 的大作中提到】
: Can I ask what's the Capula's return rate during the same period?
: sharpe alone could not tell much about the fund perfromance, especially for
: fixed income, which has problems with mark-to-market accounting due to low
: liquidity.
: absolute return is critical, otherwise I could barely put money in bank
: account to get high sharpe and infinite calmar, but that tells nothing but I
: am moron.
: There is no doubt Huo is a great trader, but I like to see the whole picture
: of the "man", not the "inflated" legendary.
:
|
s******e
发帖数: 1751 | 12 return is a real number. max draw down is a real number.
annual vol (and sharep) can be cooked.
2%
billions
【在 C*A 的大作中提到】
: During the period, annual return: 8.5 - 16% (target: 10%+); annual vol: 4.2%
: (target: 5%).
: When a hedge fund manager is able to produce 2.5+ Sharpe ratio with billions
: dollar over 6 years and creates one of the biggest hedge fund ($10b+), he
: is already a superstar. If he is keeping doing it, he will become a hedge
: fund legend. It is a fact.
:
: for
: I
: picture
|
c**v
发帖数: 55 | 13 second this, the fixed income products valuation has a big problem. the low
trade volume leaves room for "cooking". I know some derivatives may not be
traded even in months., then how to get vol when we can't get value?
sharpe is better used for easy mark-to-market products such as futures and
stocks. anyone who can achive as high as 2+ for 1Bn+ in futures is far
beyond "legend".
btw, is "CTA" a futures quant?
【在 s******e 的大作中提到】
: return is a real number. max draw down is a real number.
: annual vol (and sharep) can be cooked.
:
: 2%
: billions
|
S*********g
发帖数: 5298 | 14 没错,做futures的能做到2+，那就不是legend这么简单了。。。。
最大的几个CTA都在1上下
low
【在 c**v 的大作中提到】
: second this, the fixed income products valuation has a big problem. the low
: trade volume leaves room for "cooking". I know some derivatives may not be
: traded even in months., then how to get vol when we can't get value?
: sharpe is better used for easy mark-to-market products such as futures and
: stocks. anyone who can achive as high as 2+ for 1Bn+ in futures is far
: beyond "legend".
: btw, is "CTA" a futures quant?
|
N******r
发帖数: 642 | 15 true dat.
low
【在 c**v 的大作中提到】
: second this, the fixed income products valuation has a big problem. the low
: trade volume leaves room for "cooking". I know some derivatives may not be
: traded even in months., then how to get vol when we can't get value?
: sharpe is better used for easy mark-to-market products such as futures and
: stocks. anyone who can achive as high as 2+ for 1Bn+ in futures is far
: beyond "legend".
: btw, is "CTA" a futures quant?
|
s******r
发帖数: 324 | 16 Two sigma's future fund has sharp over 2. It's just more shorter term than
CTAs. |
N******r
发帖数: 642 | 17 Huo paid himself ￡27 million last year. he is the man.
http://www.finalternatives.com/node/19147 |
c**********m
发帖数: 2088 | |
j**f
发帖数: 118 | 19 you sound even more so and very rude
【在 c**********m 的大作中提到】
: Yan Huo looks stupid.
|
