Sunday, 21 December 2014
Last updated 1 day 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.
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.