Tuesday, 30 September 2014
Last updated 3 hours ago
Apr 26 2012 | 2:33am ET
Nomura Securities International's high-yield and distressed securities research chief is set to try his hand at hedge funds once again.
Arthur Roulac has founded Three Court in New York, with plans to launch the new firm's first hedge fund in July. The distressed debt vehicle is expected to have $20 million in assets under management at inception, garnered from Roulac's friends and family, HFMWeek reports.
Three Court isn't Roulac's first hedge fund: He co-founded Dry Brook Capital Partners in 2007, selling the special situations firm to Citigroup a year later. He also formerly worked at Angelo Gordon & Co.
Three Court will invest in both stressed and distressed debt and leveraged equities. It will have an offshore master fund and onshore feeder fund.
The new firm will charge 1% for management and 10% for performance. There will be a $500,000 minimum investment requirement, and the fund will offer quarterly liquidity with 90 days' notice.
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…
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