Monday, 20 October 2014
Last updated 5 hours ago
Nov 30 2010 | 12:36pm ET
Swiss fund of hedge funds firm EIM is looking to grow—in two ways.
The firm is hiring, founder Arpad Busson told Financial News. But it is also actively seeking acquisition targets.
"I would like to become one of the consolidators," Busson said. "The barriers to entry have risen so dramatically that the assets under management needed to survive or thrive have gone up. We are currently looking at several acquisitions."
Two, in fact. Busson said EIM plans to merge one of them into its business while running the other as a separate entity.
"Every single firm we are looking at has human capital," he explained. "There are some ideas that you wouldn't get just by hiring the individual."
But EIM is doing that as well. The firm's headcount has fallen by almost 100 from its peak of 240, but the firm has made several key hires this year and is still looking to add new talent.
Busson is also ready to loosen his grip over EIM, a privately-held firm, somewhat, offering partnerships and equity stakes to key employees. The prospect of a future stake in the firm could also help EIM lure desired hires.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...