Thursday, 25 December 2014
Last updated 22 hours ago
Oct 20 2008 | 9:48am ET
You can call the latest hedge fund chalk outline collateral damage.
While most hedge funds that have shuttered can blame their failure on poor performance, investor redemptions or some combination of the two, Millennium Global Investments’ US$818 million Global Emerging Credit Fund is simply a victim of the credit freeze.
London-based Millennium Global is liquidating the fund because its lenders withdrew its credit, according to Bloomberg News, despite a history of double-digit returns and a 13% gain this year.
Millennium Global, which is unrelated to New York-based hedge fund Millennium Capital Management, runs five other funds with about US$14 billion in assets.
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.