Monday, 22 December 2014
Last updated 17 hours ago
Dec 7 2010 | 12:01pm ET
Hedge fund Longacre Fund Management is shuttering its London office at the end of the year.
The New York-based firm plans to "concentrate personnel and resources" at its headquarters in the Big Apple and will close its London research office by the end of the month, Jeremy Garber, chief investment officer, told Bloomberg News. Garber would not say how many people the firm employs in London.
Longacre specializes in distressed and levered credit strategies. It was founded a dozen years ago by a trio of Bear Stearns debt traders.
Portfolio manager Roderick Stephan had led the London office.
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.