Sunday, 28 December 2014
Last updated 7 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.