Sunday, 23 November 2014
Last updated 1 day ago
Jan 12 2009 | 1:40am ET
Boston-based GMB Capital Management is closing its Low Volatility Fund after losing more than half its value. The fund had approximately 17% of its assets invested in a feeder fund that invested with alleged fraudster Bernard Madoff, but according to a firm spokesman, the decision to close the fund was made in November, well before Madoff’s arrest in December.
At its peak, GMB’s Low Volatility Fund had $50 million. The spokesman said the fund was being shuttered so the firm could focus on its core strategies.
GMB is run by Gabriel Bitran, a Massachusetts Institute of Technology professor, and his son, Marco.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...