Saturday, 1 November 2014
Last updated 20 hours ago
Apr 4 2007 | 10:21am ET
New York-based SkyBridge Capital will invest in Ironshield Capital Management, a new London-based hedge fund founded by former Bank of America principal David Nazar.
Ironshield, a stressed and distressed debt shop, is expected to launch later this year, according to Don Rogers, a partner SkyBridge, who declined to give a specific timeline.
Before forming his own firm, Nazar headed BofA’s stressed and distressed debt prop trading desk.
In addition to its investment, the size of which was not disclosed, SkyBridge will provide the nascent fund with a team to build up its operations.
Rogers said that Skybridge takes an opportunistic approach to investing in emerging managers.
“People frequently come to us with ideas about talented people who are starting their own firms so we’re really opportunistic and not focused on filling a particular strategy,” he said. “It comes down to finding the right people and pursuing the right opportunity.”
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…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.