Wednesday, 1 October 2014
Last updated 10 hours ago
Apr 12 2010 | 7:42am ET
Partners Group has sold its hedge fund business—a US$700 million managed accounts platform—to New York-based Sciens Capital Management.
Under the deals, Sciens gets Partners’ Guernsey-based Partners Group Fund Services, the Financial Times reports. Sciens plans to shift up to $3.4 billion of its own $4.5 billion hedge fund business to the Partners platform.
The move follows Partners’ spin-off of its alternative beta strategies team in April. The Zug, Switzerland-based firm, which has some 25 billion Swiss francs (US$23.5 billion) in assets under management, aims to refocus on its private equity and other core businesses, and slough off other businesses, including hedge funds.
Sciens’ acquisition of the Partners business will make it one of the largest independent managed account firms in the world, according to the FT.
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...