Tuesday, 2 September 2014
Last updated 50 min ago
May 31 2013 | 12:21pm ET
A former SAC Capital Advisors trader is planning a volatility hedge fund for launch later this year.
Miaodan Wu has set up Bach Option in Hong Kong. The new firm will launch its maiden fund by the end of the year, Reuters reports. It is unclear how much the fund will debut with, or how much Wu hopes to raise in total.
Wu has hired former Citigroup equity derivative sales professional Henry Ondo for the new effort.
Wu was part of an exodus from SAC's Hong Kong office earlier this year, when seven members of the embattled hedge fund's team there left the firm, and five others were transferred to New York and London. He worked at the firm for seven years.
SAC is suffering under the cloud of an insider-trading investigation; it has been hit with more than US$1 billion in redemptions and expects more on Monday. In addition, federal prosecutors are considering criminal charges against the firm.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...