Thursday, 2 October 2014
Last updated 1 hour ago
Aug 12 2008 | 3:03pm ET
Another former executive from a defunct UBS hedge fund group is planning his own hedge fund firm.
Brian Harris, who ran the commercial real-estate lending business at Dillon Read Capital Management, is in the advanced stages of preparing his first hedge fund for his new firm, Ladder Capital, TheStreet.com reports. The new firm is expected to focus on commercial real estate, specifically high loan-to-value bridge loans at high lending rates, the same area he specialized in at Dillon Read and UBS. Harris was not responsible for the subprime mortgage investments that led to Dillon Read’s shutdown last May.
It is unclear how many funds Harris, who is currently fundraising for the new offering, is planning at Ladder Capital. TheStreet reports that the firm is seeking a chief financial officer.
Harris is the latest in a spate of Dillon Read vets to pick themselves up off the carpet. Earlier this year, Mike Hutchins, the hedge fund group’s former chief investment officer, started his own hedge fund firm, BlueHawk, with about 15 other former Dillon Read employees. In addition, five other Dillon Read veterans, including former global head of equities Aziz Nahas, joined 1798 Global Partners, a hedge fund firm seeded by Swiss private bank Lombard Odier Darier Hentsch.
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...