Wednesday, 17 December 2014
Last updated 6 hours ago
Apr 12 2012 | 11:30am ET
While many hedge fund managers have embraced the use of multiple prime brokers, Paulson & Co. is sticking with JPMorgan Chase, almost exclusively.
Seven of the New York-based firm's eight funds use JPMorgan as their prime broker, Paulson's recent Securities and Exchange Commission filing—required by new financial regulations—shows. The eighth fund also uses just one prime broker, Goldman Sachs.
The somewhat surprising revelation emerged despite Paulson's best efforts to conceal whatever it could in the new form ADV. Rather than name his funds, as many of his peers have done, Paulson's filing simply numbers them, Paulson Fund 1 through Paulson Fund 8.
Paulson couldn't hide anything. In addition to identifying its prime brokers, the firm was forced to name Rothstein Kass as its auditors and Plus Securities as its marketer.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.