Friday, 26 December 2014
Last updated 1 day ago
Feb 15 2013 | 3:05am ET
JPMorgan Chase's top proprietary stock trader will leave the bank to launch his own event-driven hedge fund.
Deepak Gulati's Argentière Capital could net as much as US$500 million, the Financial Times reports. The new fund is expect to launch in the second or third quarter.
Argentière, named for a French ski resort, will actually be based in Zug, Switzerland. It is expected to stick to the event-drive strategy Gulati has employed at JPMorgan, and will feature his team from the bank.
Gulati's decision to go into business for himself was apparently inspired in part by the departure of his boss, Mike Stewart, a year ago to do the same. Still, the FT reports that Gulati's upcoming split with JPMorgan is amicable.
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.