Thursday, 2 October 2014
Last updated 15 hours ago
Apr 30 2010 | 12:01pm ET
Over the past month, Gartmore Group has learned how dangerous it can be to rely solely on two star hedge fund managers. So the firm is adding to its stable in the wake of the suspension of one of them.
Gartmore has hired Darrell O’Dea to co-manage the hedge funds helmed by Roger Guy. Guy’s co-manager, Guillaume Rambourg, was suspended from the firm last month for allegedly directing trades to favored brokers. The move angered Guy, sent Gartmore’s stock price tumbling and led to some investor redemptions and much investor grumbling.
Rambourg has since been reinstated, but only as an analyst, pending the U.K. Financial Services Authority’s approval of Gartmore’s probe of Rambourg. Rambourg was found to have violated company rules, but is still in line to resume his portfolio management duties.
O’Dea joins Gartmore from Threadneedle Asset Management.
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...