Friday, 26 December 2014
Last updated 1 day ago
Aug 20 2013 | 12:58pm ET
Expedition Advisors is calling it quits after just over a year in business, citing losses and the low-volatility investment environment in Asia.
Hong Kong-based Expedition debuted in May of last year, seeded by Protégé Partners. But the firm, which launched with about US$50 million, lost 14% from that point through March, Bloomberg News reports.
"A prolonged period of suppressed volatility combined with a low 'vol of vol' environment created a very difficult backdrop for our core strategy," Craig James, Expedition's founder and chief investment officer, said. "Given the current climate, it was decided that money would be returned to our strategic investor."
James founded Expedition after serving as head of Asian trading at AM Investment Partners. Prior to joining AM, he worked at Morgan Stanley.
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.