Monday, 22 December 2014
Last updated 1 hour ago
Mar 30 2011 | 1:16pm ET
A technology hedge fund founded by a longtime former SAC Capital Advisors manager is no more.
Stefan Frank shuttered his FISAM Capital a few weeks ago after a single large investor moved to redeem. The New York-based firm, founded in November 2009, was managing less than $100 million.
Frank, who spent nearly a decade at SAC managing technology stocks, found it difficult to continue trading without the large investor's capital, Reuters reports.
FISAM is still unwinding its portfolio and returning money to investors.
FISAM has returned about 6% since it launched in December.
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.