Tue, Dec 1, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Social Alpha launches as a new group for hedge fund managers in South Florida

Thursday, February 27, 2014

Bailey McCann, Opalesque New York:

Social Alpha aims to be a different kind of hedge fund networking group. Forget the panels, drink tickets, and service providers - instead Social Alpha will function more like a meet up for managers to connect and chat without a program. The group is founded by Dr. Rainford M. Knight of the Florida Institute of Finance, who will be backing the venture on his own.

"I really just wanted to set up a professional networking opportunity that wasn't all about invitations or speakers or getting sold something. All are welcome and we just want to facilitate conversations," Knight says in an interview with Opalesque.

Social Alpha is the latest entrant into a growing hedge fund scene in Florida. The Florida Alternative Investments Association (FLAIA) and the Hedge Fund Association (HFA) are also on the ground. Knight is already a member of FLAIA and plans to work across both organizations to forge partnerships.

He says the growth of the hedge fund industry in Florida is partly driven by tax laws which are beneficial to hedge funds managers along with quality of life. "I think its taxes sure, but I think people get tired of the New York scene, things are a little more normal here."

The first event will be at the Seagate Hotel in Delray Beach, on March 6. Knight says he plans to hold events approximately every eight weeks at locations throughout the South Florida region.


To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. David Einhorn's hedge fund plunged 5.2% in November, set for 2015 loss[more]

    From Bloomberg.com: David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades. The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomb

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From PIonline.com: Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From Bloomberg.com: It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  4. Regulatory - Major changes in partnership audit procedures contained in 2015 Budget Act[more]

    Contained in the Bipartisan Budget Act of 2015, signed by President Obama on November 2, is a rather complex provision that materially changes how partnerships are audited. Generally effective for tax years beginning after December 31, 2017, the so-called “TEFRA” and “Electing Large Partnership” rul

  5. Following review Yuan included in reserve currency basket[more]

    Bailey McCann, Opalesque New York: The International Monetary Fund has confirmed the inclusion of the Chinese Yuan in the reserve currency basket. This means that loans will be available in Yuan alongside other major currencies including the US Dollar and the Euro. The basket of reserve curr