Wednesday, 17 September 2014
Last updated 3 hours ago
Mar 6 2012 | 2:41pm ET
The former manager of HSBC’s GH fund of hedge funds left his post last month, in the wake of the banking group’s decision to merge its discretionary and advisory businesses.
Tim Gascoigne’s departure was confirmed for Reuters by a bank spokeswoman. Gascoigne, who was global head of portfolio management, ran the $2.4 billion fund of funds at HSBC Alternative Investments Limited.
HAIL, with $7.8 billion AUM, manages funds of hedge funds, private equity and real estate. Gascoigne oversaw about $4 billion of the $38 billion HSBC manages in alternative investments.
Faraz Sultan, the head of the banking group’s advisory business, will now take charge of the combined advisory/discretionary business.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...