Wednesday, 1 October 2014
Last updated 1 hour ago
Oct 9 2007 | 6:56am ET
Call it a private equity fund of hedge funds. Goldman Sachs Asset Management’s new $500 million private equity fund has bought nearly 10% of London-based hedge fund manager Winton Capital Management, Winton said.
The Goldman fund, which is also run from London by Jonathan Sorrell, will buy stakes in the general partnerships of hedge funds.
Winton did not say how much Sorrell’s fund paid for its 9.99% passive stake. The fund will have no say over the management of Winton’s funds, nor will it receive any seats on the $10 billion hedge fund firm’s board of directors. Winton does not expect to allow Goldman to boost its stake any further.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...