Wednesday, 26 November 2014
Last updated 6 min ago
Feb 15 2012 | 12:56pm ET
Even the biggest names in the hedge fund industry occasionally need help raising money.
SAC Capital Advisors and KLS Diversified Asset Management have turned to Morgan Stanley's capital introduction team as each seeks $500 million in fresh cash. SAC, which has also engaged Barclays for the effort, wants the money for its new reinsurance business, while KLS hopes to add half-a-billion to its multi-strategy fixed-income fund.
According to HFMWeek, both fundraisings are in process and will likely take several months to finish.
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...