Who owns Adage Capital?
Phill Gross
The fund is run by Phill Gross, who prior to founding Adage, was a Healthcare and Retail analyst, equity research director and partner at the Harvard Management Company for 18 years..
Is Adage Capital a hedge fund?
Founded in Q3 of 2001 by Phillip Gross and Robert Atchinson, Adage Capital Management is a Boston-based hedge fund manager that focuses on managing endowments and foundations such as Harvard University, North-Western University, Dartmouth College, the American Red Cross, and the Getty Foundation.
What does Bracebridge Capital do?
Bracebridge is a leading investment manager that pursues an absolute return strategy. Our business was founded in 1994. We trade a wide range of securities and derivatives – primarily in fixed income markets – with the goal of generating positive returns from pricing inefficiencies.
What is an absolute return strategy?
Absolute return funds are a type of investment strategy that aims to deliver a positive (‘absolute’) return to investors, regardless of whether markets are rising or falling, although a positive return is not guaranteed.
What do absolute return funds invest in?
Absolute return investment strategies include investing in national and international equities and fixed-income securities, futures contracts and derivatives; utilisation of leverage; implementation of short selling, arbitrage and other techniques, which are not typically used by traditional bond and stock funds.
What does an adage do?
An adage is a wise saying that, over time, becomes widely accepted as a general truth. These sayings are mostly concise and philosophical. The truths they communicate are reflections on life experiences that many people can relate to.
What is a adage example?
: a saying often in metaphorical form that typically embodies a common observation She reminded him of the adage: “A penny saved is a penny earned.”
What is a good example of an adage?
“Things are not always what they seem.” – “Bee-Keeper and the Bees” “Appearances often are deceiving.” – “The Wolf in Sheep’s Clothing” “Familiarity breeds contempt.” – “The Fox and the Lion” “Slow and steady wins the race.” – “The Tortoise and the Hare”
Can a hedge fund be an LLC?
The hedge fund is typically set up as either a limited partnership (LP) or limited liability corporation (LLC). In comparison, a general investment manager can be set up any type of business structure that meets the needs of the investment manager.
Can I start a hedge fund with my own money?
Yes, you could start with much less capital, or go through a hedge fund incubator, or use a “friends and family” approach, or target only high-net-worth individuals. But if you start with, say, $5 million, you will not have enough to pay yourself anything, hire others, or even cover administrative costs.
What is absolute return example?
Absolute Returns For example – If a mutual fund’ current value is Rs 10,000 and investment value is Rs 8,000, then the absolute return is (10,000-8,000)/8,000, which turns out to be 25%.
Who owns adage Capital Partners?
Adage Capital Partners, L.P. is a hedge fund operated by Adage Capital Management, L.P. and has approximately $42 billion in assets. The current minimum investment for Adage Capital Partners, L.P. is $10000000. 2 percent of the fund is owned by fund of funds. Management owns just 2 percent of the fund.
What is adage Capital Management?
Adage Capital Management L.P. Adage Capital Management is a hedge fund company based in Boston, MA. They operate 1 private fund and have approximately $41.97 billion in total assets under management (AUM).
What is the minimum investment to invest in adage Capital Partners?
The current minimum investment for Adage Capital Partners, L.P. is $10000000. 2 percent of the fund is owned by fund of funds. Management owns just 2 percent of the fund.
How do I contact adage Capital Management?
If you are a client and do not have a password, please contact Adage Capital Management by telephone at 617-867-2800. The material contained in this Web site is for your private information and we are not soliciting any action based upon it. Opinions expressed are our present opinions only.