Friday, 19 December 2014
Last updated 9 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.
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.