Wednesday, 17 September 2014
Last updated 3 hours ago
Apr 1 2014 | 12:59pm ET
Edward George (E.G.) Fisher's 484Wall Capital, an indirect subsidiary of the Bank of New York Melon, has launched its first hedge fund with $55 million.
The 484Wall Global Liquid Rates Fund began selling in January, according to regulatory filings.
Fisher, a former Brevan Howard trader, established 484Wall last September. The new firm will use an approach similar to that of the now-defunct 5:15 Capital Management, a hedge fund founded by Fisher and two other former BH traders—Morris Sachs and Rob Wahl—in 2009 and named for a song by the British rock group the Who.
According to the 484Wall brochure filed with the SEC, the firm will “seek to achieve stable absolute returns with relatively low volatility by employing global fixed income arbitrage strategies with a macro overlay employing fixed income products that are typically highly liquid. Similar strategies may also be opportunistically deployed in other, typically liquid asset classes.”
The 484Wall Global Liquid Rates Fund carries a minimum investment of $500,000.
An email to 484Wall for further details on the new fund had not been answered by press time.
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…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...