Friday, 26 December 2014
Last updated 1 day ago
May 6 2011 | 12:29pm ET
The Baupost Group sees such attractive opportunities in Europe, the hedge fund is set to open its first overseas office in London to take advantage.
The $24 billion Boston-based firm will focus on distressed debt, as European banks begin to offload those assets from their books. In particular, the London team will trade primarily commercial real-estate, structured products and corporate debt, Bloomberg News reports.
The new office will be headed by managing director Jim Mooney. Baupost plans to make a series of external hires to staff it and work with Mooney.
Baupost is no stranger to Europe, having traded in the region for some time. But it has always done so from the comfort of its Boston headquarters.
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.