Wednesday, 1 October 2014
Last updated 10 hours ago
May 16 2011 | 1:01pm ET
Finisterre Capital is wasting no time putting its expansion plans into overdrive, just a month after selling a majority stake in itself to Principal Global Investors for up to US$115 million.
The London-based emerging markets specialist has already added Maxim Safonov from FrontPoint Partners as a foreign exchange and interest rates trader, the Financial Times reports. Firm founder Paul Crean said four other portfolio managers are poised to join, in addition to an economist hired from a European bank.
Crean would not identify the other five hires. But two are to join "from a big hedge fund" to manage a new emerging markets equity fund, which will debut later this year or early in 2012.
PGI, the investment division of U.S. insurance giant Principal Financial Group, is "seeing demand from clients for emerging markets strategies in UCITS form," Crean said.
Crean and Finisterre's other four partners still own a "significant" minority stake in Finisterre and will continue to make all investment decisions.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...