Thursday, 2 October 2014
Last updated 59 min ago
May 10 2013 | 2:15pm ET
The arrest of two co-founders, including its chief investment officer, has proven too much for hedge fund Lodestone Natural Resources to weather.
The US$100 million London-based firm is liquidating its hedge fund, Bloomberg News reports. CIO Tim Whyte and Carl Linderum were arrested in February, alongside GLG portfolio manager Carl Esprey, on suspicion of insider-trading. Search warrants were also executed on their homes and offices. No charges have been filed.
Whyte, Linderum and Ben Belldegrun founded Lodestone last year. The three formerly worked together at Brevan Howard Asset Management.
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...