Sunday, 28 December 2014
Last updated 3 days 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.
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.