Sunday, 28 December 2014
Last updated 3 days ago
Sep 23 2011 | 2:02pm ET
Despite having lost more than 90% of its assets, Arrowgrass Capital Partners wants to keep its equity hedge fund afloat.
London-based Arrowgrass has no plans to shutter the Equity Focus Fund, Reuters reports. It's also thrown its backing behind Andrew Billett, the former SAC Capital Advisors trader who runs the fund.
Equity Focus is down 14.5% this year after an 8.65% drop last month. Even worse, the fund is down to just US$30 million in assets, the Financial Times reports, from US$400 million at the beginning of the year.
While it doesn't plan to do away with Equity Focus, Arrowgrass has allowed investors to redeem in advance of their regular redemption dates.
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.