Thursday, 18 September 2014
Last updated 3 hours ago
Jun 3 2014 | 10:29am ET
Schonfeld Group Holdings, a family office with a seeding platform, has been on something of a hiring spree.
The firm, which allocates trading and risk capital to internal and external portfolio managers, has added 15 managers focused on fundamental equity relative value and five focused on statistical arbitrage trading strategies to its platform over the past 18 months, bringing total managers to 35.
Over that period, Schonfeld's overall assets under management have grown fourfold while its international AUM has grown eightfold as the firm has expanded into markets outside of the United States, particularly in Europe and Asia. The firm now counts eight groups across these geographies.
Schonfeld’s recently-hired managers have joined from a range of firms including Citadel, Hermitage, IVC, J Goldman, SAC/Point 72, and traditional long/short equity funds, amongst others.
“Schonfeld’s unique position as an incubator for leading strategists, occupying a middle ground between a seeder and a more traditional multi-manager platform, continues to be attractive to potential PM candidates. This marketplace position has enabled us to remain entrepreneurial deal-makers, taking into account the needs and best interests of our current and prospective managers,” said Schonfeld Group Chairman Steven Schonfeld, in a statement.
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.