Tuesday, 31 March 2015
Last updated 23 min ago
May 10 2007 | 12:11pm ET
A trio of Long-Term Capital Management alumni, including a co-founder of the notorious hedge fund, has reunited to found a new quantitative hedge fund.
Rye Brook, N.Y.-based Quantitative Alternatives is the brainchild of LTCM co-founder Eric Rosenfeld, along with former LTCM CFO Robert Shustak and Controller Bruce Wilson, according to Bloomberg News. The new venture has not started trading, but is reportedly actively recruiting employees and pursuing investors, as well as partnerships with banks, pensions funds and other financial institutions.
After LTCM collapsed in 1998, Rosenfeld and fellow LTCM co-founder John Meriwether continued to work together at Meriwether’s post-LTCM hedge fund venture, JWM Partners, for six years. Most recently, he served as president of Greenwich, Conn.-based Paloma Partners, leaving in 2006.
Rosenfeld is undoubtedly hoping to follow in Meriwether’s footsteps rather than those of another LTCM co-founder, Nobel Prize winner Robert Merton, whose Integrated Finance Ltd. shut down its hedge fund after only a few months last year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…