Sunday, 21 December 2014
Last updated 1 day ago
Jun 7 2010 | 10:43am ET
One of the year’s most hotly-anticipated new hedge funds raised less than half the amount it hoped to at inception, despite its manager’s top-notch record.
London-based Ridley Park Capital launched its first fund last month. But the firm was able to drum up only US$200 million for the vehicle, according to the Financial Times. Ridley Park founder Julian Barnett had hoped to raise as much as US$500 million.
Barnett left Polar Capital, where he was once of its top hedge fund managers, last year. At Polar, Barnett managed the firm’s Paragon Fund, which boasted US$875 million in assetes under managemen at its peak.
During five years at the fund’s helm—Barnett managed it from its inception in 2004—Paragon lived up to its name, earning a 28% annualized return, including a 21% jump in 2008, when the average hedge fund lost nearly as much.
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.