Tuesday, 23 September 2014
Last updated 1 hour ago
Dec 18 2007 | 10:52am ET
Toronto-based investment bank GMP Capital Trust is set to launch a hedge fund headed by co-founder Michael Wekerle.
The firm will announce plans for a C$50 million hedge fund—to debut next year—focusing on equity long/short, credit, algorithmic trading and options-based volatility trading, the Globe and Mail reports.
GMP is expected to provide C$20 million in initial capital.
Wekerle, who co-founded GMP in 1995, will continue to run the bank’s equity desk in addition to his new duties. At the hedge fund, he’ll be assisted by Jason Marks, recruited from TD Securities to co-launch the fund with Wekerle. GMP financial services analyst Tim Lazaris will also work on the new product.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.