Thursday, 2 October 2014
Last updated 43 min ago
Apr 22 2008 | 10:15am ET
A week after resigning, and quickly withdrawing that resignation, GLG Partners’ top hedge fund manager has again resigned.
GLG announced today that Greg Coffey, who managed about $7 billion of the London-based firm’s $24 billion in five funds, and who generated some 60% of its performance fees last year, will leave in October. Coffey is expected to set up his own hedge fund shop.
Coffey will continue to manage the funds until his departure and will assist in the succession process, GLG said in a statement. In leaving, he forfeits all of his unvested shares and unvested cash awarded to him under GLG’s equity participation and long-term incentive plan.
In a regulatory filing last week, newly-public GLG said it was “in discussions concerning a range of options for the future” in the wake of Coffey’s resignation and un-resignation.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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