Tuesday, 30 September 2014
Last updated 3 hours ago
May 18 2012 | 4:13am ET
Two QVT Financial founders are preparing the delayed launch of their hedge fund, some two years in the works.
Kevin McGoey and Yi Cen founded Lees Hill Capital Management in 2010, after leaving QVT. The New York-based firm is set to finally launch its maiden hedge fund—delayed by market uncertainty—in the third quarter, with more than $100 million in initial assets.
Lees Hill will run an event-driven fund focused on both stocks and bonds, HFMWeek reports.
The firm is still finalizing several allocations. HFM reports that several Lees Hill clients are waiting for calmer market waters to commit to the new hedge fund.
Both McGoey and Yi worked at Deutsche Bank's QVT desk prior to the hedge fund's spinoff in 2004.
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...