Thursday, 26 March 2015
Last updated 8 min ago
Sep 9 2013 | 12:55pm ET
The former head of CQS asset-backed securities hedge fund is going into business for himself.
Alistair Lumsden, who left the quantitative hedge fund in December, will launch East Lodge Capital Partners next year, Bloomberg News reports. The London-based firm will focus on European and U.S. credit, especially corporate bonds and structured debt.
Lumsden hopes to raise US$250 million for East Lodge by inception. The firm was registered with British authorities late last month.
East Lodge may employ as many as 14, according to Bloomberg.
At CQS, Lodge was chief investment officer of the ABS Fund, which enjoyed annualized returns of 28% in the six years prior to his exit, including a 73% return in 2008. The US$2.3 billion fund was up 14% when Lumsden's exit was announced.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…