Thursday, 2 October 2014
Last updated 58 min ago
Sep 15 2008 | 8:52am ET
It seems that retirement does not suit Stanley Fink.
The former Man Group CEO—who stepped down as deputy chairman of the firm in July after 21 years with the company, ostensibly to begin a philanthropic retirement—has joined International Standard Asset Management as CEO. He took the helm of the million London hedge fund earlier this month.
ISAM was founded five years ago by Roy Sher, manages about £200 million (US$358.9 million), a far cry from the US$80 billion or so overseen by Man. But the smaller size of ISAM is apparently what appealed to the 50-year-old Fink.
“When I took the time to look back over my career at Man, I decided that guiding it through its early stages was the most satisfying part of the job,” Fink told the Financial Times.
London-based ISAM runs a gold fund and a macro fund, both of which have enjoyed double-digit returns. Fink reportedly has set a goal of increasing the gold fund’s assets tenfold within five years.
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...