Wednesday, 1 October 2014
Last updated 51 min ago
Nov 26 2012 | 12:10pm ET
Troubled Hong Kong hedge fund Senrigan Capital is down one partner, who plans to launch his own hedge fund.
Kevin Kwong has left the three-year-old firm founded by former Citadel Investment Group trader Nick Taylor, the Economic Times reports. Kwong will set up a new firm, Aria Group, a family office that will run a variety of strategies, including real-estate and private equity.
One of the Hong Kong native's new strategies will be opened to outside investors later next year. Aria will debut with Kwong's own money and money from his friends and family earlier next year. It is unclear how much Aria will launch with.
Kwong was a member of Senrigan's core investment team. He formerly worked under Taylor at Citadel and Modal Capital Partners.
Senrigan last month moved US$40 million of its assets into a side-pocket. The firm is down 15% this year and has seen half of its assets disappear.
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...