Thursday, 2 October 2014
Last updated 1 hour ago
Mar 5 2012 | 3:43am ET
A former JPMorgan Chase trader will make his first foray into hedge funds later this month.
Noel Thompson, formerly vice president for global futures trading at JPMorgan, will launch his Thompson Global Partners on March 26. The commodities-heavy global macro fund will debut with $50 million in initial assets and boasts a capacity of $1 billion. The firm is based in New York.
"The market dynamics right now lend themselves to a global macro situation where I feel there are tremendous themes that we can capitalize on, due to the market being a flowchart of global capital," Thompson told HFMWeek.
Thompson Global will put 30% of its assets into commodities, with an equal amount in stocks and exchange-traded funds. It will invest 20% of its assets in foreign exchange and 20% in emerging market bonds and commercial mortgage-backed securities.
Thompson Global will charge 1.5% for management and 20% for performance, with better terms for early investors in a founder's share class. There will be a $500,000 minimum investment requirement with a one-year lockup.
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...