Tuesday, 30 September 2014
Last updated 1 hour ago
May 20 2011 | 1:47pm ET
Tantallon Capital has begun to rebuild its asset base after hitting rock-bottom two years ago.
The Singapore-based firm, which once managed US$1.7 billion, has seen its assets triple since 2009 to US$300 million, including US$50 million this year. The firm hopes to boost its assets to US$500 million over an unspecified period of time.
Tantallon was battered by redemptions, in no small part because it did not restrict withdrawals.
"Most of the growth has come from Europe," co-founder Alex Hill told Reuters. "We have been added to two platforms there and we have picked up some segregated assets."
"I would like to see assets under management grow to US$500 million at the first stage and then to US$1 billion, with an even spread between strategies," he added.
With inflows returning, Tantallon has begun hiring, bringing back John Muelle, who left the firm for JPMorgan Chase last year, in New York, and hoping to "grow headcount in Singapore in the space of the next 12 months," Hill explained.
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...