Thursday, 26 November 2015
Last updated 1 day ago
Jan 25 2010 | 8:09am ET
Asset management firm Investcorp has lost a principal in its U.S. hedge fund business.
Hank Murphy has left the US$9.4 billion firm, which has seen its hedge fund assets fall by more than half to US$3.6 billion, Financial News reports. Murphy was a principal in the firm’s New York hedge fund business.
The hedge fund unit’s troubles contributed to Investcorp’s first-even annual loss last year. The firm is the largest alternative asset manager in the Persian Gulf region, and also has offices in New York and London.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…