Wednesday, 27 August 2014
Last updated 53 min ago
Jun 10 2013 | 11:46am ET
Five GLG Partners veterans have formally launched their new hedge fund after winning approval from British regulators.
Covalis Capital has been up and running since December, albeit under the auspices of Mirabella Financial Services. Mirabella's services are no longer needed, however; London-based Covalis was authorized by the Financial Conduct Authority two weeks ago, Financial News reports.
Covalis invests in utilities, infrastructure, renewable energy and commodity companies, with a focus on Europe. Co-founded Rolanos Stikovas said the firm was seeking to raise money, but would not disclose how much it currently manages.
Covalis is led by Zach Mecelis as chief investment officer. Peter Murphy serves as director of research, Jakob Moberg as head trader and Peter Murphy as chief operating officer.
Stikovas told FN that "the team has been together for over eight years," since Mecelis joined GLG in 2004. Mecelis worked at Zimmer Lucas Partners prior to moving to GLG.
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 ...