Sunday, 28 December 2014
Last updated 3 days ago
Sep 13 2012 | 7:54am ET
Grosvenor Capital Management has seeded a new activist hedge fund.
Engaged Capital said it received $85 million from the Chicago-based firm. Engaged, founded by Relational Investors veteran Glenn Welling, debuted this month.
Engaged said it would focus on small- and mid-cap stocks in North America.
"At the end of 2011, we decided it was time to go out and build a new firm just focused on activism in small- and mid-cap companies, using a more constructive approach to activist investing," Welling told Opalesque. "We see a unique opportunity in the small- to mid-cap market because the most successful activists are now managing $6 billion to $12 billion in assets under management and can't focus on the $500 million to $3 billion market cap companies, where the returns are the highest."
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.