Wednesday, 26 November 2014
Last updated 12 hours ago
Dec 18 2013 | 3:35pm ET
The Man Group has, as promised, closed its GLG Market Neutral Fund to new investors.
The fund, formerly helmed by star trader Philippe Jabre and now managed by Steven Roth, has crossed the US$1 billion, as Man predicted earlier this year. The firm said in 2011 that it would soft-close the fund when it hit that level.
The fund once managed US$3 billion before losing more than half its value during the financial crisis. Roth said two years ago that its much-lower capacity was an indication of how the hedge fund "industry has changed."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...