Thursday, 2 October 2014
Last updated 44 min 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.”
Oct 2 2014 | 9:16am ET
Gregory Barrett is a principal at Dyal Capital Partners, which takes minority equity stakes in established hedge fund managers—those with assets under management of $1.5 billion to $6 billion. 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...