Sunday, 21 December 2014
Last updated 7 hours ago
Mar 20 2008 | 12:59pm ET
A former Lehman Brothers executive is prepping a $1 billion asset-backed securities hedge fund.
David Sherr, who recently left his post as head of Lehman’s securitization group, plans to open One William Street Capital Management by June.
The firm, which is named after Lehman’s former lower Manhattan headquarters, is backed by the investment bank, Bloomberg News reports.
Sherr spent 21 years at Lehman before leaving to found One William.
The fund is venturing into dangerous territory, proposing to trade the very asset- and mortgage-backed instruments that have destroyed several prominent hedge funds—including Sailfish Capital Partners and Peloton Partners—and brought down Bear Stearns.
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.