Thursday, 31 July 2014
Last updated 35 min ago
Jul 28 2008 | 11:39am ET
Marshall Wace has added a senior Morgan Stanley executive to launch a new financials hedge fund.
The US$15 billion London hedge fund shop has lured Amit Rajpal, Morgan Stanley’s head of Asia proprietary trading, with the promise of his own hedge fund seeded with US$200 million in firm capital, the Financial Times reports. Rajpal, who is and will remain based in Hong Kong, is a former banking analyst at the Wall Street giant.
“We see very big opportunities in financials,” Paul Marshall, co-founder, said. “I can’t tell you whether it is in three weeks, three months or a year, but it is not going to be in three years.”
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…