Friday, 27 March 2015
Last updated 3 hours ago
Apr 3 2013 | 10:11am ET
Millennium Management has named Barclays' prime brokerage chief to a top role at the hedge fund.
Ajay Nagpal will become Millennium's chief operating officer in July, Absolute Return reports. His arrival will see current co-president and COO Terry Feeney become the firm's sole president. His co-president, chief risk officer David Nolan, will become vice chairman, alongside current vice chairman Simon Lorne, Millennium's general counsel.
Nagpal took over as head of prime brokerage when Barclays bought Lehman Brothers' hedge fund services business. Prior to Lehman's collapse, he was head of equity sales at its prime brokerage.
Barclays has not named a successor to Nagpal.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…