Monday, 20 October 2014
Last updated 23 min 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.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...