Sunday, 23 November 2014
Last updated 2 days ago
Dec 14 2011 | 11:04am ET
James Caird Asset Management is scuttling its flagship.
The London-based firm told investors that it would liquidate its JCAM Global Fund, a victim of poor performance, Bloomberg News reports.
"I have been frustrated by our performance during the current year," James Caird founder and JCAM Global fund manager Tim Leslie wrote. He added that he plans to return money from the fund "as quickly as possible."
James Caird, launched by the former Moore Capital Management trader in 2008, continues to manage two other funds. The firm has about US$3 billion in assets under management, including those at the JCAM Global Fund.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...