Sunday, 28 December 2014
Last updated 3 days ago
Jun 18 2010 | 12:15pm ET
Former BNP Paribas proprietary trader Andrew McGrath has raised US$500 million for his first hedge fund, with more investors clamoring to get in.
McGrath’s Burren Capital will launch its debut fund on July 1. With a half-billion dollars, it will be the largest hedge fund launch of the year, an impressive figure given the fundraising difficulties even established hedge fund managers have had since the beginning of the financial crisis. And it could have been larger: There is already a waiting list to invest in the fund, according to the Financial Times.
The Burren Global Arbitrage Fund will employ the same event-driven strategy McGrath used to great effect at BNP Paribas, where he was also head of European risk arbitrage. He’s hired several professionals from hedge funds Centaurus Capital and Sandell Asset Management, as well as picking up talent from the collapsed Lehman Brothers.
Burren is based in Gibraltar.
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.