Wednesday, 24 December 2014
Last updated 14 hours ago
Jul 28 2006 | 4:17pm ET
Hedge Fund firm Magnetar Capital has hired Michael Gross as a senior partner and co-chairman of the firm's investment committee. Gross, founder and former partner of private equity firm Apollo Management, will also serve as chief investment officer for the $3 billion firm's credit and private investment businesses. He will be based in New York. In addition to hiring Gross, earlier this week Magnetar added former Cooper Neff Group CEO Andrew Sterge to head up its reinsurance business, continuing hedge funds' march into that industry.
The $3 billion Evanston, Illinois-based Magnetar founded a reinsurer in Bermuda, Pulsar Re, earlier this year. Sterge, who will work out of Magnetar's Philadelphia-area office, is also the founder of AJ Sterge Investment Strategies, and he'll be joined at Magnetar by a team from that firm.
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.