Thursday, 18 September 2014
Last updated 1 hour 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.