Thursday, 2 October 2014
Last updated 17 hours ago
Mar 10 2010 | 11:25am ET
Legal & General Investment Management’s multi-manager range has made its first investment in a hedge fund.
The firm has invested £20 million in GLG Partners’ new Alpha Select Fund, a UCITS III-compliant offering which is nearing capacity less than a month after its launch, despite the impending departure of one of its managers.
“We are happy to give them £20 million,” Alan Thein, co-manager of the LGIM multi-manager fund.
“This is our first move into the alternatives space, but this is a good way of leveraging into hedge funds,” he told the Financial Times.
Thein said LGIM had no concerns stemming from the upcoming retirement of GLG co-manager Jason Mackay.
“Nick Judge on the team has a bit more experience anyway,” he said. “But if John White”—the fund’s other manager—“was to go as well, that would change things completely.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...