Tuesday, 30 September 2014
Last updated 9 hours ago
Jan 12 2012 | 5:08am ET
Mehmet Dalman, the vice chairman of Toscafund Asset Management, has left the hedge fund.
Dalman, who was a partner of the firm and who formerly led Commerzbank’s investment bank, quit to focus on his other jobs and interests. The WMG Advisors founder told Reuters that he wanted to “concentrate on other things I want to do.”
“I feel I have done my work for Tosca,” he said. “2008, 2009, 2010 were important years, and I think we did that well. The company is in pretty good shape; it doesn’t need a vice chairman.”
Dalman is a board member at Kazakh mining company ENRC, where he was involved in a nasty corporate governance fight last year. “His commitments with ENRC and interests in China have grown considerably,” Tosca chief economist Savvas Savouri told Reuters.
Dalman will remain involved with Tosca’s property and photography fine art funds.
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...