Sunday, 21 December 2014
Last updated 1 day ago
Jun 24 2014 | 7:05am ET
Napier Park Global Capital is cutting another tie with former parent Citigroup.
The hedge fund, spun off last year as the bank moved to come into compliance with new U.S. regulations limiting alternative investments activities, will leave Citi’s New York headquarters this summer. Napier Park will head four blocks south, from 399 Park Avenue to 280 Park Avenue, where it has signed a 10-year lease for 25,000 square feet of space.
Napier Park’s neighbors in its new home include Blue Mountain Capital and Promontory Financial Group.
“The new space has been built out specifically to accommodate our needs as a growing business,” Napier Park chief operating officer Michael Williams said. “The combination of location, purpose-built space and attractive lease terms mark this a great move for Napier Park.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.