Thursday, 18 December 2014
Last updated 6 hours ago
Apr 11 2008 | 11:43am ET
Jeffrey Larson, founder of the late Sowood Capital Management, is getting back in the game. But he won’t get fooled again, at least not by the same investments that sank his earlier effort.
Larson is in talks with investors to launch a new fund—smaller than Sowood, which once managed $3 billion—that will use its predecessor’s market-neutral strategy. But the new fund will be smaller and will scrupulously avoid corporate debt. Leveraged bets on corporate fixed-income instruments blew up in Larson’s face when the subprime collapse and credit crisis struck.
Larson has reportedly received interest from investors totaling between $250 million and $500 million.
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.