Thursday, 28 August 2014
Last updated 36 min ago
Mar 17 2011 | 1:36pm ET
A hedge fund founded by a former Galleon Group portfolio manager is closing its doors.
Ketchem Creek Capital Management founder Richard Sherlund has decided to return to the sell-side, HFMWeek reports, and its liquidating his hedge fund and shutting its doors. Ketchem Creek never opened to outside investors, spending its two years managing Sherlund's money.
Sherlund had won a commitment from Microsoft billionaire Paul Allen's Vulcan Capital to launch at technology, media and telecommunications fund.
Sherlund worked as a software analyst at Goldman Sachs before joining Galleon in 2007, just a year-and-a-half before Galleon founder Raj Rajaratnam's arrest on insider-trading charges. His decision to pull the plug on Ketchem Creek comes in the middle of Rajaratnam's trial.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...