Thursday, 2 July 2015
Last updated 15 hours ago
Oct 14 2008 | 12:19pm ET
British polling and market research firm YouGov has been forced to abandon plans for a hedge fund after its partners were unable to raise money for it.
YouGov in May announced plans to start a hedge fund using its polling data to make bets on the banking, retail, travel and leisure industries, among others. But Numis Securities and Four Capital Partners were unable to drum up enough interest.
“Prevailing market conditions were not conducive to the launch of this fund,” YouGov said, adding that it would end the joint-venture with Numis and Four Capital.
“It is not the greatest moment to launch such an idea,” YouGov CEO Nadhim Zahawi told the Financial Times. “The opportunity to use primary research to inform trading decisions is very strong for us.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…