Thursday, 2 October 2014
Last updated 33 min ago
Mar 15 2013 | 12:45am ET
GLG Partners’ former top emerging markets managers are set to return in the second quarter with their own hedge fund.
Bart Turtelboom and Karim Abdel-Motaal’s APQ Partners will soft-launch its maiden hedge fund, Alexandria, in the second quarter with between US$100 million and US$200 million in initial capital from friends, family and others, the Financial Times reports. The two hope to raise more than US$500 million—potentially “significantly more,” according to one broker—at its formal launch later this year. Some of Turtelboom and Abdel-Motaal’s GLG clients are expected to be among their early investors.
Turtelboom and Abdel-Motaal left GLG in January amidst a restructuring at parent Man Group. The two had taken over GLG’s US$1.5 billion Emerging Markets Fund in late 2008 when star manager Greg Coffey left the firm for Moore Capital Management. During their time at the helm, the fund has enjoyed an annualized return of about 9%.
In addition to Turtelboom and Abdel-Motaal, London-based APQ features Mohamed Abdel-Hadi as CEO and several other GLG veterans, as well.
Turtelboom and Abdel-Motaal joined GLG from Morgan Stanley; the former had worked at Vega Asset Management and the latter at Tudor Investment Corp. before joining the bank.
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...