Saturday, 20 December 2014
Last updated 13 hours ago
Apr 16 2012 | 1:30pm ET
The latest Tiger cub is more like an artic fox.
Tiger Management has seeded a new hedge fund helmed by the former head of Norway's sovereign wealth fund. Tiger, headed by ur-seeder Julian Robertson, is backing Trient, an asset manager bought last year by Knut Kjær and Dag Løtveit.
New York-based Tiger will take a share of the fees earned by the new global macro hedge fund, the Financial Times reports, although precise details of the agreement were not available.
"Teaming up with Julian Robertson and Tiger gives us a flying start," Kjær told the FT.
Kjær helped set up and ran Norges Bank Investment Management, which oversaw some US$600 billion of Norway's pension and foreign exchange reserves. He left the group in 2008. Løtveit was global head of allocation strategies at the SWF.
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.