Friday, 26 December 2014
Last updated 2 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.