Friday, 1 August 2014
Last updated 13 hours ago
Jan 27 2014 | 1:57pm ET
Hedge fund Sorrell Capital has closed after four years.
The global macro firm ended its run in May, according to Financial News, applying to cancel its authorization with the U.K. Financial Services register.
Sorrell Capital was led by Robert Sorrell, one of three financier sons of Martin Sorrell, head of advertising and public-relations firm WPP. Martin Sorrell served as a non-executive director of Sorrell Capital and one of its members, as well as an investor.
Robert Sorrell founded his namesake firm in 2010, a year after leaving Goldman Sachs, where he was co-head of private financing for Europe, the Middle East and Africa. It is unclear why he chose to pull the plug; a Companies House filing notes that Sorrell Capital's designated members—Robert Sorrell and Sorrell Capital Services—are "exploring various business ventures which will generate revenues in the near future."
Jonathan Sorrell is CFO of the Man Group and Mark Sorrell is co-head of U.K. investment banking at Goldman.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…