Friday, 28 November 2014
Last updated 9 hours ago
Jan 27 2009 | 8:31pm ET
Asset management shop SW1 Capital has bought a stake in a hedge fund platform, with big plans for its own hedge fund business.
The London firm, which manages private equity funds as well as hedge funds, has the option to buy a controlling stake in PCE Investors within three months from p.e. firm Ubequity Capital Partners, which owns two-thirds of PCE. For its initial stake, SW1 bought out minority shareholder Schneider Trading Associates. The firms did not disclose the size of SW1’s interest in PCE.
SW1, which is headed by hedge fund industry veterans Simon Luhr and Terry Duffy, hope to use PCE, which has US$1.6 billion in assets across 21 funds and 15 teams, as a stable for future hedge fund acquisitions.
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...