Saturday, 27 December 2014
Last updated 3 days ago
Dec 29 2008 | 3:23am ET
GAM is changing its redemption policy in the wake of a brutal year for the hedge fund.
The firm, owned by Julius Baer, will now offer just quarterly redemptions for most of its fund of hedge funds, instead of monthly. GAM has lost about one-third of its assets under management this year.
GAM’s move was first reported by the Financial Times.
According to the newspaper, GAM will still allow for monthly redemptions for its most liquid vehicles, including strategies such as long-short equity, commodity futures trading and global macro.
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.