Sunday, 26 October 2014
Last updated 1 day ago
Feb 15 2012 | 1:17pm ET
Cantor Fitzgerald is continuing its expansion into hedge funds with plans for a seeding fund.
Cantor, which last announced plans to buy its way into the industry and then made good on that promise with the acquisition of Cadogan Management, is to begin the second phase of its hedge fund strategy with the seeding fund. The New York-based investment bank hopes to raise as much as $1.25 billion for the vehicle, Dow Jones Newswires reports.
The firm's first seeding vehicle would provide between $25 million and $50 million to between 20 and 25 emerging hedge fund managers. Cantor is seeking to recruit an executive to run its seeding business, the details of which—including the amount to be raised—remain in flux.
"The launch of a seeder fund will tie in well with our prime brokerage business which caters to $50 million to $1 billion funds," CEO Shawn Matthews told DJ. "Since we're actively involved in hedge funds, we have a unique perspective on funds, and knowledge about who's planning to launch this year."
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.