Thursday, 2 October 2014
Last updated 14 hours 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.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...