Saturday, 25 October 2014
Last updated 1 day ago
Jul 18 2011 | 8:39am ET
The US$3 billion hedge fund founded a year-and-a-half ago by Singapore’s sovereign wealth fund has lost its co-CEOs.
Charles Ong and Nasser Ahmad are stepping down from Seatown Holdings, The Wall Street Journal reports. Ong will remain with Seatown parent Temasek Holdings in a senior position, while Ahmad, the founder of hedge fund DiMaio Ahmad Capital, will leave the firm at the end of the year after spending his last months as an adviser.
A source told the Journal that the exits “are normal organizational changes” and won’t feature strategy changes. Seatown, which has drawn down about half of the US$2.9 billion in seed capital provided by Temasek, has returned between 15% and 17% since its launch early last year.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.