Wednesday, 1 October 2014
Last updated 20 min ago
Sep 16 2010 | 1:23pm ET
A wave of consolidation has been predicted for the alternative investments industry for years, but it looks more and more like this month is the tipping point.
Yet another acquisition has been announced, this time Polar Capital’s buying HIM Capital Holdings. Terms of the deal were not disclosed, other than to say that Polar would pay for the former Hiscox Investment Management with cash and shares.
HIM manages about US$230 million in long-only financials funds. Polar boasts US$2.6 billion in assets under management.
Polar CEO Tim Woolley hailed his firm’s first-ever acquisition as “a unique group of highly-experienced fund managers and a balanced portfolio of long-only funds with outstanding track records.”
“The acquisition is in line with the group’s ambition to accelerate growth by attracting new investment talent and building sector-specialist platforms from which we can develop the business and enhance returns to our shareholders,” Woolley added.
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...