Saturday, 27 December 2014
Last updated 3 days ago
Jul 2 2013 | 2:25am ET
Despite a mediocre 2012, Brummer & Partners’ founders are enjoying a healthy payday.
The Swedish hedge fund giant’s owners will split 300 million Swedish kronor (US$44.7 million), Dagens Industri reports. Namesake Patrik Brummer will get 87 million kronor. Kent Janer, who leads Brummer’s quantitative macro effort, will be paid 12 million kronor.
Brummer’s funds failed to match their historical returns or the returns of their benchmark last year, with its Multi-Strategy Fund rising just 4.4% and its largest fund, Lynx, actually losing 5.14%. But the firm earned a 20% return on its own capital.
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.