Monday, 22 December 2014
Last updated 40 min ago
Jun 16 2010 | 2:52am ET
Charles Schwab Corp.’s top alternative investments executive is leaving the firm to found a hedge-fund-like mutual fund.
Josh Kernan, who as director of alternative investments and managed accounts oversaw Schwab’s alternatives sales and the firm’s two alternatives platforms, worked his last day at Schwab Monday. He had been with the firm for 16 years.
Kernan is founding a money management shop with plans to launch an absolute-return mutual fund of funds in the fourth quarter, Investment News reports. Simple Alternatives will run multi-manager mutual funds featuring “leading hedged-equity managers,” he told clients and friends in a memo last week.
Simple Alternatives’ first offering will be called S1 Fund, according to the memo.
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.