Sunday, 26 October 2014
Last updated 1 day ago
May 20 2013 | 12:22pm ET
A pair of prominent hedge funds has opened offices in London.
New York-based Monarch Alternative Capital and Paris' Capital Fund Management have set up shop in the British—and European hedge fund—capital.
Monarch said the move by its European subsidiary would boost its activities on the continent and will facilitate the hedge fund's tapping into opportunities there. The new office will be led by Josiah Rotenberg and Matthew Glowansky, who have moved to London from Israel and New York, respectively. In addition, Chun Won Yi will move from New York to the U.K., and Monarch has hired Diogo Vaz da Silva as a research analyst.
CFM's London base will be staffed by Stéphane Vial, its head of Asia-Pacific and four others; Philippe Jordan, president of the US$6 billion quantitative hedge fund, said it may "later expand our research group with additional hires from British universities."
"London is going to stay the capital of financial trading in Europe," Jordan said. "We want to be close to the markets we trade and the clients we serve."
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.