Wednesday, 1 October 2014
Last updated 8 hours ago
Apr 3 2012 | 1:38pm ET
A former Nomura Holdings proprietary trader will launch his first hedge fund this summer with as much as US$500 million, including a big seed from his late employer.
Benjamin Fuchs' Asia-focused multi-strategy fund will debut on June 1. His Hong Kong-based firm, BFAM Partners, hopes to raise between US$200 million and US$300 million at launch. Nomura will match Fuchs' early fundraising, up to US$200 million, meaning that BFAM should have between US$400 million and US$500 million at launch.
After launching, BFAM will continue to raise money until it reaches US$700 million to US$800 million, when it will consider closing the fund.
"We will start on June 1 and the money we raise will probably be over the course of the summer," James Singh, chief operating officer, told Retuers.
BFAM registered with Hong Kong's Securities and Futures Commission on Friday. Initial reports indicated that Fuchs, formerly head of Nomura's global opportunities desk, planned to launch the fund last 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…
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...