Saturday, 28 March 2015
Last updated 1 day ago
Aug 11 2008 | 12:01pm ET
A pair of John Meriwether protégés are going into business for themselves.
David Ko, the quantum physicist-turned-hedge fund trader, and Stephen Cain have set up Kurtosis Capital Partners in London. The firm aims to raise between $100 million and $250 million for the launch of a global macro volatility hedge fund, The Wall Street Journal reports.
Ko got his start in the hedge fund world at Meriwether’s Long-Term Capital Management, which collapsed amid the Russian debt crisis in 1998. He then joined Meriwether’s successor firm, JWM Partners. Cain also worked at JWM after stints with hedge funds Shumway Capital and Nylon Capital, as well as a period as global head of currency trading at Deutsche Asset Management.
The pair are reportedly eschewing the use of leverage, one of the main factors in the collapse of LTCM.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…