Tuesday, 29 July 2014
Last updated 8 hours ago
May 13 2013 | 1:35pm ET
Peak6 Advisors has garnered $1 billion for its second hedge fund.
The Chicago-based firm, the asset-management arm of Peak6 Investments, launched the Achievement Fund in September. The new fund is managed by Joe Scoby, who became head of Peak6 Advisors last January, and will employ a systematic options strategy similar to the one he led at O'Connor & Associates for a decade, before leaving that firm in 2010, Crain's Chicago Business reports.
At Peak6, which was founded by a pair of O'Connor veterans, Scoby said he aims to boost assets under management to about $3 billion by 2015. The firm's existing hedge fund, the Performance Fund, currently manages $425 million.
About three-quarters of investors in the new Performance Fund are institutional, primarily from the U.S.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…