Monday, 22 September 2014
Last updated 7 hours ago
Sep 13 2012 | 7:49am ET
One of the founding partners of fund of hedge funds Hermes BPK Partners and its CEO since its launch four years ago will leave the firm.
Matteo Dante Perruccio will step down at the end of the year but founding partners and co-Chief Investment Advisors Gregory Knott and Mark Barker will continue in their roles, Hermes BPK said.
Hermes was set up by Perruccio, the former co-CEO of Olympia Group, and Hermes Fund Managers. The firm suffered a drop in operating profit last year as it swung to a loss as compensation costs grew.
"We thank Matteo for his dedication and for all that he has achieved in a very challenging environment," HFM CEO Saker Nusseibeh said. "We wish him every success for the future."
"I would like to thank Saker Nusseibeh and Hermes for their unwavering support building a successful business over the past four years," Perruccio, also a former CEO of Pioneer Asset Management, said. "I am confident Hermes BPK will continue on its road to success and remain an innovative leader in the industry."
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.