Thursday, 24 July 2014
Last updated 1 hour ago
Dec 22 2010 | 11:02pm ET
The namesakes behind oil and gas hedge fund Nanes Balkany Partners are splitting up.
Julien Balkany has left the New York-based activist firm, it said yesterday. Co-founder Daryl Nanes has taken sole control of the reins at Nanes Balkany, which has enjoyed a string of unbroken successes since its establishment three years ago. The firm rose about 23% in 2008, its first year, and returned 48% last year. It is up about 43% this year.
“I am very proud of our accomplishments over the last three years and the experience has been one of the most rewarding of my career,” Balkany said. “As a French national, I have always kept some focus on Europe for the next stage of my career and I feel that the success of Nanes Balkany Partners allows me to now move on to take on new opportunities and challenges.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…