Thursday, 25 December 2014
Last updated 19 hours ago
Jul 2 2008 | 12:44pm ET
University endowments are proving fertile ground for training hedge fund managers.
The latest to try his hand in the hedge fund industry is Jared Perry, a former money manager at DUMAC, which runs Duke University’s endowment. Perry has founded Stonehorse Capital Management, which is expected to hit the ground running in August.
Stonehorse is a fund of hedge funds manager, focusing on emerging long/short equity and event-driven managers. Opening with between six and eight managers, the fund of funds could eventually boast a roster of as many as 15, most with less than $500 million in assets and less than a three-year track record, according to HedgeFund.net.
Stonehorse will charge a 1% management fee and 5% performance fee. There is a $1 million minimum investment requirement.
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.