Tuesday, 30 September 2014
Last updated 2 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.