Friday, 26 December 2014
Last updated 1 day ago
Jul 2 2010 | 11:47am ET
A year after slashing its presence in Asia, RAB Capital is re-upping in the region, hiring a top Citigroup executive to head its Hong Kong office and raising hundreds of millions of dollars for a new Asia-focused hedge fund.
David Seex, a longtime Citi alternative investments executive and head of its Asia alternatives business, will lead the US$1.4 billion London-based firm’s fundraising effort, as well as the development of its new “deep-value fund,” the Financial Times reports. That fund, headed by a team hired last year by RAB, is on track to raise US$200 million by the end of the year.
And that’s just the beginning. RAB, which sold its Northwest Investment Management business last April, is planning a series of Asia-focused hedge funds for launch this year.
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.