Friday, 19 December 2014
Last updated 13 hours ago
Jun 21 2012 | 11:30am ET
Mariner Investment Group is getting into the seeding business.
The Harrison, N.Y.-based firm will invest in startups and spinoffs, as well as its own new hedge funds or hedge funds it backs, the firm told investors. According to Bloomberg News, the seeding fund has itself won a substantial seed investment—$500 million—from the Alaska Permanent Fund.
Mariner founder William Michaelcheck told clients that the firm would hire to manage the seeding fund.
Michaelcheck added that the seeding fund isn't the only new product he's planning: The firm's Galton Capital Management is readying a mortgage fund, Galton Mortgage Value Fund III, which will invest in non-agency mortgages, whole loans, single-name credit-default swaps and indices.
Michaelcheck also gave investors a peek at the firm's flagship, Mariner Partners, which he said was up 2.4% this year.
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.