Tuesday, 30 September 2014
Last updated 4 hours ago
Jul 7 2014 | 9:13am ET
Viking Global Investors’ co-chief investment officer is taking a break, and the hedge fund is taking the opportunity to reshuffle its top ranks.
Tom Purcell is taking a “well-deserved sabbatical for the next six months,” Viking told investors last week. His co-CIO, Dan Sundheim, “is now sole CIO and manager of the Central Portfolio.”
But Viking isn’t stopping there: The firm announced that it had reorganized its investment team, charging six portfolio managers to work with Sundheim to identify the firm’s best ideas, Reuters reports. Jeff Busconi, Paul Enright, Ben Jacobs, Ning Jin, Hani Sabbagh and Scott Zinober have been named to that committee.
“It’s exciting that occasional realignments allow us to recognize proven investors and charge younger talent to contribute in new ways,” firm founder Andreas Halvorsen wrote.
Purcell, who plans to use his sabbatical to spend more time with his family, will remain on Viking’s executive and management committees.
Viking also told investors that it had clawed back some of its early-year losses. The firm returned 6.6% in the first half after a 1.1% rise in June.
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...