Monday, 20 October 2014
Last updated 5 hours ago
Dec 20 2012 | 9:40am ET
Sweden's largest hedge fund manager has picked Citigroup to serve as prime broker for its new US$500 million vehicle.
Citi will provide prime, custody and depositary services to Carve Capital, Brummer & Partner's newly-launched hedge fund investing in U.S. and European stocks and bonds.
“We are delighted to appoint Citi for our new Carve funds,” said Peter Thelin, CEO and Portfolio Manager at Carve Capital. “Citi’s local presence, proprietary global sub-custody network and its ability to offer a multi prime brokerage model for Swedish investment funds, putting Sweden in line with the rest of Europe, have been important factors in our decision.”
”We are delighted to be chosen as prime broker for the Carve fund,” said Mark Harrison, European head of prime finance at Citi. ”In bringing together our Swedish depositary and our global prime finance business, we have created a compelling and integrated offering allowing the Swedish onshore hedge fund community to benefit from Citi’s multi prime brokerage model.”
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…
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