One year ago
»» Ivanka Trump was elected to the board of 100 Women in Hedge Funds,
a professional association for women in the alternative
investment industry. The high-profile businesswoman, who is
also the vice president for development and acquisitions at The
Trump Organization, was already a member of the non-profit.
Trump is now a year into her three-year term as
director, which she officially began in January 2013. Although
100 Women in Hedge Funds declined to comment on her activities
there, Trump has regularly popped up at events in the hedge
fund world. In November, she introduced a panel of real estate executives at the Robin Hood
Investors Conference in New York. The svelte 32 year old
tweeted this picture from the event, which took place just
five weeks after giving birth to her second child, Joseph
Kushner, on October 14.
Meanwhile, 100 Women in Hedge Funds has been
expanding its global reach. Its 12,000 members are now located in 17 countries
across the globe, up from 10,000 members in 15 locations last
year. In the course of the year, it held inaugural events in
Hong Kong and the Cayman Islands.
Five years ago
»» Ellington Management Group, Michael
Vranos’s Greenwich-based shop, took crisis
measures to stave off losses and minimize the impact of
redemptions at one of the worst moments of the financial
crisis. The firm shifted some mortgage assets to a separate
vehicle, and laid off 16 employees.
Although Ellington managed to stay afloat despite
the market turbulence, it suffered large redemptions, with
assets declining from $5.40 billion in July 2007 to $2.70 billion by January 2009.
Full performance for Ellington’s funds
after the crisis was not available, though recent performance
has been favorable. The Ellington Credit Opportunities Fund
generated a return of 14.46% this year through October,
according to a report by the HSBC Alternative Investment Group,
outperforming the Absolute Return Credit Index, which was up 7.46%
in the same period. The Ellington Mortgage Opportunities Fund
rose 8.18% in that period, the HSBC report showed, compared
with a 7.15% rise in the Absolute Return Mortgage Backed Securities
Ellington’s assets have increased
dramatically in the past couple of years. The
firm’s hedge funds managed $4.30 billion as of midyear, up from $3.80 billion in January, and $2.8 billion at the start of 2013.