Friday, 19 December 2014
Last updated 14 hours ago
May 26 2010 | 10:48am ET
Magnetar Capital will launch an event-driven hedge fund this year, seeking to tap into demand for one of the most sought-after strategies this year.
The $7 billion Evanston, Ill.-based firm will launch the new fund in the next few months, the Financial Times reports. Firm founder Alex Litowitz will manage the vehicle, which will focus on mergers and acquisitions and other corporate events.
Magnetar made its name making billions betting against the subprime mortgage market. Its new launch comes in the wake of tough criticism of the hedge fund’s activity in the collateralized debt obligations market: With the exception of its fellow subprime billionaires at Paulson & Co., Magnetar has been the most vilified hedge fund in the space, the subject of a pair of lengthy articles profiling its subprime strategy.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.