Saturday, 23 August 2014
Last updated 14 hours ago
Dec 13 2012 | 12:47pm ET
Regiment Capital Advisors founder Tim Peterson announced his retirement and succession plans at the $7 billion hedge fund.
A former high-yield bond trader for Harvard University's endowment, Peterson will stop managing money at Boston-based Regiment in the middle of 2014. The 51-year-old will remain with the credit hedge fund in a mentoring role, he said.
Mark Brostowski and Bill Heffron will continue to manage Regiment's remaining funds—it sold its $2 billion special situations funds and direct-lending unit to TCW Group last week—while Chris Kaster and Thomas Sorbo will continue to run the firm's business operations.
Regiment spokeswoman Diana Pisciotta told Bloomberg News that the proceeds from the special situations sale will help Peterson to redistribute equity to other members of the firm.
Peterson founded Regiment in 1999.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note