Friday, 26 December 2014
Last updated 2 days ago
Feb 28 2011 | 10:26am ET
UBS has hired a hedge fund manager to assist its newly-named private banking chief investment officer.
Mark Haefele has been hired to lead investment analysis at UBS Wealth Management. He will report to the former CFO of Microsoft founder Bill Gates' massive charitable effort, Alexander Friedman, who was named CIO of the private bank.
Haefele is a founder of Boston-based Sonic Funds, a quantitative sports-betting hedge fund. Friedman is no stranger to the private funds world, either, having left the Gates Foundation last year to found a firm called Asymmetry.
"The chief investment officer function will focus on wealth protection and optimized financial returns consistent with client objectives," UBS said. "Friedman and his team will be responsible for defining and proposing appropriate investment allocations and strategies and for communicating them across the platform."
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.