Sunday, 29 March 2015
Last updated 2 days ago
Dec 21 2011 | 2:11am ET
A former proprietary trader, a derivatives expert and an ex-Massachusetts Institute of Technology professor are behind a new algorithmic hedge fund set to launch next year.
Castilium Capital is headed by Alicia Vidler, a former senior prop. trader at Bank of America Merrill Lynch, and Guy Mitchinson, formerly of Deutsche Bank. The London-based firm will use algorithms developed by Arnold Amstutz, formerly of MIT, and hopes to raise a minimum of US$100 million by the end of its first year.
Castilium's maiden hedge fund is expected to launch in February—the firm is still awaiting Financial Services Authority approval. The fund will employ a systematic long/short equity strategy.
"We have been working on the launch for several months and given a lot of careful consideration to our team and processes," Vidler told HFMWeek. "Our aim is to create a successful and sustainable business."
In addition to Vidler, Mitchinson and Amstutz, Castilium features Michael Neff, founder of wealth management software company Monetaire, as an executive adviser.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…