Wednesday, 1 October 2014
Last updated 13 hours ago
Mar 19 2010 | 9:12am ET
A pair of Barclays Capital credit traders is founding a hedge fund that will manage UCITS III-compliant vehicles.
Rupesh Tailor and Jose Mosquera will set up the Breogan Global Financials Fund in Madrid, Bloomberg News reports.
Auriga Securities, also based in the Spanish capital, is seeding the new firm, which hopes to raise US$70 million for the fund at launch.
Breogan will invest in banking default swaps, bonds and stocks, hoping to profit from mergers, spin-offs and bail-outs.
“The financial sector is in an unsustainable state of disequilibrium surviving on government life support,” Tailor told Bloomberg. “This creates a plethora of opportunities across the sector.”
Tailor and Mosquera say they hope to raise up to US$200 million for the fund by the end of the year. They also hope to establish Madrid as a suitable alternative to London as a home for the growing number of regulated hedge funds in Europe.
“In addition to a fantastic lifestyle, Madrid and the domestic Spanish market offers untapped opportunities for a sophisticated, absolute-return asset management product,” Mosquera told Bloomberg.
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...