Friday, 19 December 2014
Last updated 22 min ago
Aug 10 2010 | 10:57am ET
A hedge fund founded by a nephew of Walt Disney is among the hedge funds fired by a quartet of New York City pension funds.
Not only was Roy Disney’s Shamrock Capital Advisors fired, it was chastised by three of the funds on their way out, Bloomberg News reports. The three blasted former Shamrock Activist Value Fund manager Dennis Johnson for “failure to devote substantially all of his business time and attention” to the fund, which posted double-digit losses for the Big Apple pensions.
Johnson is now chief market strategist for Comerica’s asset management business.
All told, the four city pension funds invested $275 million with Shamrock. They paid the firm a total of $7.6 in fees to the firm during the three years they invested with it.
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.