Sunday, 23 November 2014
Last updated 2 days ago
Mar 10 2008 | 1:01pm ET
Hedge fund shop BlueMountain Capital Management has hired Scott Lessing as head of corporate research and Derek Smith as a senior portfolio manager. Lessing will take responsibility for company-specific and strategic market research across the firm, while Smith will focus on fundamental trading strategies.
Lessing served most recently as chief operating officer for Citi Global Wealth Management Investments, the alternative investments, investment advisory products, mutual funds, annuities and insurance unit of Citigroup’s wealth management division. Smith joins from Deutsche Bank, where he was a managing director of global credit trading. In that role, Smith managed the investment grade and high-yield credit cash and derivatives desks across the U.S. and Europe.
BlueMountain has more than $5 billion in assets under management in its hedge funds. The firm recently sold a minority equity interest to publicly traded Affiliated Managers Group.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...