Thursday, 25 December 2014
Last updated 1 day ago
Jan 13 2009 | 9:43am ET
Former Lahde Capital COO Andy Springer and his operations team have joined forces with portfolio manager Pamela Schwab to run Resolve Capital, a cleantech hedge fund.
Lahde Capital is winding down after their funds after gaining an astronomical 1000% last year betting on residential and commercial mortgages. The firm’s founder, Andrew Lahde, in October announced that he was winding down his funds in a letter to investors in which he blasted the hedge fund industry’s “idiots whose parents paid for prep school, Yale, and then the Harvard MBA.”
Resolve Capital capital’s mandate is “to earn substantial returns for our clients by investing globally in businesses that provide solutions to environmental, social, health and economic problems,” according to Springer.
The sustainability fund was recently opened to outside investors after managing proprietary capital for the past three years.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.