Wednesday, 1 October 2014
Last updated 58 min ago
May 17 2012 | 10:14am ET
It's open season on funds of hedge funds.
Amidst word that Gottex Fund Management would buy Hong Kong-based Penjing Asset Management and that Kohlberg Kravis Roberts is in talks to acquire a stake in Prisma Capital Management comes news that Financial Risk Management may be on the move, as well.
The London-based firm finds itself in the acquisitive sites of an unidentified publicly-traded company, Hedge Fund Alert reports. While HFA speculates that Man Group, whose fund of funds business is led by FRM veteran Luke Ellis, may be the interested party, it reports that sources familiar with the firm say it is more likely to buy a U.S.-focused business.
FRM has US$9 billion in assets under management.
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...