Sunday, 23 November 2014
Last updated 1 day ago
May 2 2011 | 12:00pm ET
WisdomTree Investments, the exchange-traded fund house founded by hedge fund legend Michael Steinhardt, posted a small profit in the first quarter, its first in five years of business.
The New York-based firm earned $200,000 between January and March, compared to a $600,000 loss in the fourth quarter. Revenue soared nearly 70% to $14.5 million year-on-year, and assets under management in ETFs grew at about the same clip to $11.3 billion.
WisdomTree, which currently trades as a pink-sheet stock, hopes to list on either the New York Stock Exchange or NASDAQ by the early third quarter. Its shares have risen more than 150% over the past 12 months.
WisdomTree launched its first hedge fund ETFs in 2009 and earlier this year launched the first-ever managed futures ETF.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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