Saturday, 27 December 2014
Last updated 3 days ago
Mar 25 2009 | 2:03am ET
While many hedge fund managers fret and wring their hands over a continuing wave of redemptions, one prominent quantitative shop says so far, so good.
Michael Hintze, CEO of London-based CQS, told the Reuters Hedge Funds and Private Equity Summit that withdrawal requests from clients ebbed sharply in the first quarter. The firm has lost some 35% of its assets in the past year, dropping from US$10 billion to US$6.5 billion. Its flagship fell 30% last year.
“Frankly, we’ve had very few redemptions coming up for April so far,” Hintze told the London confab. He credited the firm’s early filling of withdrawal requests this year, which “got people to renege on some of the redemptions and actually this was a very positive signal that things got back to normal.”
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.