Tuesday, 30 September 2014
Last updated 41 min ago
Jun 10 2008 | 2:00am ET
Troubled hedge fund shop Absolute Capital Management has made its first major hires since the firm went into a tailspin following the abrupt resignation of its founder in September.
Daniel Bieri will head AbCap’s risk management, while Athanasios Ladopoulos joins the firm as a portfolio adviser. Bieri most recently worked at Swiss Life Asset Management, while Ladapoulos worked at London hedge fund Kinetic Special.
AbCap shares plummeted and investors raced for the doors after co-founder Florian Homm, who had invested much of the firm’s assets in illiquid pink sheets, resigned last year. The firm blocked redemptions and pushed through a fund reorganization to keep itself afloat, and bid farewell to the managers of its German fund.
Last month, it proposed a plan to demerge from Argo Capital Management, the emerging markets credit shop it acquired in January 2007.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...