Friday, 28 November 2014
Last updated 16 hours ago
May 19 2011 | 1:39pm ET
Third Point has welcomed back a former star fund manager who left the $7.2 billion firm three years ago.
Munib Islam has been named head of equities research at the New York-based firm, which recently closed to all new investments. Islam left Third Point amidst the financial crisis in 2008 to join Highbridge Capital Management.
But Islam, who served as head of European equities at the JPMorgan Chase hedge fund unit, left in March, one of several high-profile departures. At Highbridge, Islam managed about US$100 million.
In his new post, Islam is among the most senior employees of Third Point, which is led by Daniel Loeb, the Financial Times reports.
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…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...