Saturday, 20 December 2014
Last updated 21 hours 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.
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.