Monday, 29 December 2014
Last updated 1 hour ago
Feb 7 2008 | 3:19am ET
British hedge fund SRM Global, headed by a former star trader for UBS, has declined by almost half in the past three months, investors say.
The once US$3 billion fund ended last year down 28%, with most of the losses coming in November and December, the Financial Times reports. Last month, it fell a further 23%, after having been down by 30% at one point.
The fund, managed by Jon Wood, boasts a “high conviction” portfolio, with a small number of very large positions. It also boasts long lockup provisions, meaning that it is in no danger of facing redemptions from angry investors for more than a year.
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.