Wednesday, 6 May 2015
Last updated 20 hours ago
Jul 18 2013 | 9:01am ET
Former Citadel executive Chris Boas has joined London-based hedge fund firm CQS as a portfolio manager. The move follows a decision to put his own hedge fund on hold because of difficulty raising capital. He had been planning on launching Longwood Credit Partners in the first quarter, but there was a lack of investor interest and he pulled the plug.
In his new role at CQS, Boas will focus on fixed income investing.
Previously, Boas worked in Chicago as head of credit for Citadel's hedge funds and as head of credit markets and co-head of institutional sales at Citadel's investment-banking unit, Citadel Securities. Boas also formerly worked at Morgan Stanley.
Boas had planned to run a fixed-income arbitrage strategy at Longwood, and had hired fellow Citadel veteran Keshev Lall to serve as an analyst at the firm.
Longwood's struggle to find investors for his fund comes at time when many European funds are finding it difficult to raise capital. Europe was the only one of the 13 geographic regions tracked by Credit Suisse Group to see negative demand for hedge funds last year.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…