Monday, 22 December 2014
Last updated 14 hours ago
Feb 28 2008 | 8:05am ET
A London hedge fund is down by more than 50%. In January.
Richmond Capital, which managed €350 (US$524 million) before last month, was battered during the first month of the year, one of the worst in the history of the hedge fund industry, with the average fund falling by about 2%.
The Wall Street Journal first reported the disaster at Richmond, founded three years ago by Egerton Capital veteran Luca Bechis.
The concentrated long/short fund was flat last year after posting double-digit gains in its first two years.
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.