Sunday, 21 December 2014
Last updated 1 day ago
Oct 9 2008 | 10:14am ET
Two hedge fund placement firms today said they’re merging to market larger hedge funds to the institutional crowd.
Liability Solutions and MIT Associates are teaming up, keeping the former’s name and boasting offices in London, Geneva, Switzerland, and New York. Together, the new entity will offer hedge funds access to some 1,200 institutional investors worldwide, with particular focus on the U.S., Europe and the Middle East. The newly-combined firm will have 15 marketing professionals.
“The industry has grown in dollars and numbers very considerably in the last few years, and capital raising has become considerably more competitive—even more so currently with the very difficult market conditions—with several thousand hedge funds competing on a permanent basis for the attention of institutional investors,” said Mike Finnell, who will become president of Liability Solutions following completion of the merger.
“Hedge funds need access to an investor base that is diverse both geographically and by style and we offer that.”
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.