Sunday, 23 November 2014
Last updated 1 day 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.
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...