London-based Finisterre Capital has hired Guillaume Ménabé as a junior portfolio manager for the company’s Global Opportunity Fund, where he will run a portion of the forex and commodities portfolio.
The breakup of Goldman Sachs’ proprietary trading operations is proving a boon to the hedge fund industry.
With two groups of Goldman Sachs Principal Strategies alumni having recently launched hedge fund and another fundraising, a fourth new hedge fund is rising from the prop. desk’s ashes. Ariel Roskis and Daniele Benatoff have secured $300 million in seed funding for their new fund from Brummer & Partners, set to debut in the second quarter.
William Daley, President Obama’s pick to become his chief of staff, has deep ties to Wall Street and the political world. He’s also a veteran of the alternative investments world.
Federal regulators have charged a Greensboro, N.C.-based investment adviser firm and its owner with defrauding investors in two hedge funds by secretly diverting millions of dollars to enrich themselves.
Hedge funds ended 2010 with a 1.7% gain as stocks surged into 2011.
The average hedge fund added 7% last year, according to the Bloomberg Aggregate Hedge Fund Index. That put the index at its highest level in more than two years—since August 2008, to be precise, just before hedge funds began their serious financial crisis swoon.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.