Sunday, 23 November 2014
Last updated 1 day ago
May 18 2010 | 10:34am ET
GLG Partners has lost its head of business development in advance of its upcoming merger with the Man Group.
Jean-Baptiste Segard is leaving the London-based hedge fund to join Swiss private bank Union Bancaire Privée, Financial News reports. Segard came to GLG when the firm acquired Société Générale Asset Management’s British business, where Segard was CEO.
At UBP, Segard will serve as chief investment officer for long-only investment. He takes up his new post in the summer.
Yesterday, Man announced that it would acquire GLG for US$1.6 billion in cash and stock, potentially turning the world’s largest publicly-listed hedge fund manager into its largest hedge fund manager. The combined firm will have more than US$62 billion in assets.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...