Saturday, 29 November 2014
Last updated 20 hours ago
Nov 29 2007 | 8:09am ET
Fortress Investment Group is poised to launch a commodities hedge fund led by new hire William Callanan.
The New York-based alternative investments giant said its fourth hedge fund, dubbed the Drawbridge Commodities Fund, will target returns of between 15% and 20%. The fund will invest in energy, metals, agriculture, shipping and carbon emissions futures, as well as commodity- and industrial-related equities, Bloomberg News reports.
Callanan joined Fortress in August from Rubicon Fund Management, where he ran an equity and commodity fund. He has also worked at Duquense Capital Management and Soros Fund Management. He will lead a team of four analysts at Fortress.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...