Saturday, 20 December 2014
Last updated 17 hours ago
Jul 17 2014 | 12:45pm ET
TPG Capital’s first hedge fund is opening its doors to clients after posting impressive early returns.
The private-equity giant launched the stock fund last year. The vehicle invests in listed stocks, seeking to deploy “all of the data, research and intellectual property” of TPG’s $50 billion p.e. portfolio, Justin Nunez, a marketer at the firm, told potential investors in a recent letter.
TPG and an unidentified partner seeded the vehicle, run by former Conatus Capital trader Alex Gleser, with $100 million last summer, according to Hedge Fund Alert. The fund has since returned 24% and now manages $150 million.
In addition to the letter, TPG has been meeting with small groups of investors to discuss the strategy, HFA reports.
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.