Friday, 19 December 2014
Last updated 16 min ago
Feb 1 2007 | 11:27am ET
Everybody in the pool!
Deutsche Bank, following Morgan Stanley and Lehman Brothers, expects to get its own piece of the hedge fund world sometime this year.
The German bank’s CEO, Josef Ackermann, said in a television interview, “We have to be in a position to offer our clients all investment classes including hedge funds.” The firm’s purchase of a stake in an American or British hedge fund firm “could quite possibly happen this year,” he added.
Yesterday, Lehman agreed to buy 20% of London-based Spinnaker Capital Group, and late last year, Morgan Stanley bought FrontPoint Partners, as well as stakes in three other hedge funds.
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.