Tuesday, 29 July 2014
Last updated 18 hours ago
May 14 2008 | 9:09am ET
A team of veterans of trouble hedge fund Shooter Fund Management are striking out on their own.
The foursome has founded Dacharan Capital, which hopes to raise up to US$200 million for a currency hedge fund, Bloomberg News reports. The firm is led by former Shooter marketing chief David Beddington and ex-traders Antti Aitio, Ari Andricopoulos and Charles Phan.
London-based Shooter’s multi-strategy fund plummeted 40% last year, due mostly to losses on equity-index trades. But its quantitative foreign-exchange portfolio returned 34% last year, and is up 10% this year, Dacharan marketing documents show.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…