Sunday, 21 December 2014
Last updated 1 day ago
Aug 30 2011 | 2:51pm ET
At least one hedge fund was more than slightly inconvenienced by Hurricane Irene, which struck the New York area on Sunday.
While the city was mostly spared the predicted destruction, its suburbs were hard-hit. Millions of customers in Connecticut, New Jersey, Long Island and Westchester County, home to many of the world's largest hedge funds, lost power; many are still without it.
One customer that lost power was Appaloosa Management; the firm was forced to move from its Millburn, N.J., headquarters after the storm cut its power, Reuters reports. It is unclear whether Appaloosa's lights had come back on, or, if not, when they will.
The hurricane also caused massive flooding, particularly in New Jersey, and disrupted transit in the whole of the New York City area.
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.