Tuesday, 30 September 2014
Last updated 2 hours ago
Sep 10 2012 | 12:05pm ET
Troubled fund of hedge funds firm EIM has lost its co-head of investments to another hedge fund.
Adam Prestandrea was also director of research at Swiss-based EIM; Prestandrea worked out of its New York office. He has agreed to join Element Capital Management, a New York-based fixed-income hedge fund.
"He decided to switch to the other side of the business, and we support him in that decision," EIM spokesman Davidson Goldin said of Prestandrea.
Prestandrea spent eight years at EIM, including the last as co-head of investments. EIM, like much of the fund of funds industry, has been on the rocks lately, losing two-thirds of its assets over the past four years. Founder Arpad Busson said this summer that he is considering a merger for the firm, although it is not thought that plans for such a move are far along.
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...