Tuesday, 16 September 2014
Last updated 2 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?