Thursday, 28 May 2015
Last updated 40 min ago
Dec 5 2008 | 12:04pm ET
Sydney, Australia-based hedge fund shop Wallace Absolute Return has removed Richard Wallace from his post as managing director of the firm, effective Dec. 4.
Wallace will continue to serve as a director. In his stead, the firm has appointed CEO Michael Birch to replace Wallace as firm secretary.
Birch formerly ran the Wallace Australia Opportunities hedge fund and returned an average 18.2% since inception in October 2005, Bloomberg reports. Wallace Absolute Return, a listed fund that invests in Australian equities and fixed income securities, has lost 81% on the Australian stock exchange this year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…