Thursday, 2 October 2014
Last updated 13 min ago
Aug 1 2011 | 11:58am ET
AlphaTran Capital will close its doors three years after its launch, the firm's executives have decided.
The London-based firm's members voted last month to liquidate its funds and close the firm, regulatory filings show. The firm was solvent at the time of the decision, its liquidator, Kinetic Partners' Bill Cleghorn, told Reuters.
AlphaTran was founded in 2008 by three industry veterans, led by The Children's Invest Fund's Damien Tran. The long/short equity fund was seeded by Thames River Capital and was designed to take advantage of market volatility—which spiked months later, when Lehman Brothers collapsed.
In addition to Tran, AlphaTran was founded by Christophe Puyo, formerly of Société Générale Asset Management, and Christophe Beauvilain, formerly of Phylon. Beauvilain resigned last year to set up Perenne Capital.
It is unclear how much AlphaTran managed at the time of its decision to wind down; it was seeded with US$50 million by Thames River. It is also unclear how it performed during its three years, or whether either played a role in the decision to close.
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...