ABU DHABI // Five thousand graduates of a government higher-education college are being offered help to advance their careers by a newly formed alumni association. Everyone who has completed a diploma, higher diploma or bachelor's degree at Abu Dhabi Women's College (ADWC) is a member of the new association. Graduates will be invited to events, will be able to use the college library and be given assistance in finding jobs.
The association, created by a board of ADWC graduates, is planning a reunion in December. "We need activities so that all graduates can hear about each other and connect to new graduates and try to help them," said Layla al Dhaheri, an association board member. Dr Bradley Cook, the ADWC director, said he wanted current students to have contact with the college's graduates, to give them an idea of what to expect when they entered the world of work.
"We also want both current and former students to feel they are never alone," he said. ADWC was founded in 1988 and is one of the Higher Colleges of Technology, a federal government higher-education institution that has campuses across the UAE. It is open to Emiratis only. The other federal higher-education institutions are Zayed University, which has campuses in Abu Dhabi, Dubai and Sweihan, and UAE University, in Al Ain.
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The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
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