Monday, 22 December 2014
Last updated 37 min ago
Jan 2 2008 | 11:41am ET
Troubled hedge fund group Absolute Capital Management Holdings is making it a clean sweep at the top in 2007 with finance director Darren Sisk’s resignation last week.
Sisk follows co-founder and former CEO Sean Ewing and co-founder and former chief investment officer Florian Homm out the door at the firm, which is run from Majorca, Spain. His departure leaves AbCap without a chairman—formerly Ewing—and a finance director as it tries to pick up the pieces from this summer’s market turmoil, which forced the firm to suspend redemptions and restructure its funds.
According to HedgeWorld, Sisk’s departure is not directly related to his being a member of the firm’s discredited management team, but the result of his “not fitting in” with new CEO Jonathan Treacher.
Soon after Homm’s departure, investors learned that he had invested a chunk of the firm’s assets in highly illiquid U.S. pink sheets, and the company’s share price went into a tailspin.
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.