Tuesday, 30 September 2014
Last updated 2 hours ago
May 16 2013 | 2:43pm ET
Zacharias Bobolakis will not be going into business for himself, after all.
The former UBS proprietary trader had left the bank last year with plans to launch his own hedge fund, Veltiston Capital. Instead, Bobolakis joined CQS this week to trade credit and equity relative-value strategies, Financial News reports.
At UBS, Bobolakis was head of convertible and capital-structure trading in Europe. He left in early 2012, after 18 years at UBS and its predecessors.
Bobolakis' decision is reflective of a difficult fundraising environment for all managers, but especially new ones. Just 86 new offshore hedge funds debuted in Europe last year, with an average fund size of US$100 million, twice what it was a decade ago.
London-based CQS has US$12 billion in assets under 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...