Monday, 15 September 2014
Last updated 3 days 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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