Friday, 26 December 2014
Last updated 1 day ago
Nov 6 2007 | 7:28am ET
Hedge fund Jabre Capital, founded by a former star GLG Partners trader, is set to launch a European mid-cap hedge fund next month.
The JabCap Mangousta fund will be an open-ended long/short offering with a European mid-cap bias. It is expected to launch in early December and to raise as much as €500 million (US$725 million).
Geneva-based Jabre Capital was founded last year by Philippe Jabre in the wake of his receipt of the largest individual fine ever imposed by the British Financial Services Authority, for alleged insider-trading while at GLG. In spite of that rocky start, the firm’s three strategies—a multi-strategy hedge fund, a global equity absolute return fund and a global convertible absolute return strategy—have enjoyed fundraising success this year, with the multi-strat fund having added 10.5% since its February launch.
The Mangousta fund is helmed by GLG veteran Renaud Saleur, who ran a similar strategy at the London-based hedge fund.
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.