Friday, 24 October 2014
Last updated 7 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.