Deephaven Bigwigs To Remain In Knight Fold

Dec 6 2006 | 12:42pm ET

Minneapolis-based hedge fund Deephaven Capital Management may be on the verge of signing a new agreement with its owners that could net its management additional millions in compensation.

Jersey City, N.J.-based trading firm Knight Capital Group bought Deephaven three years ago, and the $4 billion hedge fund contributes nearly one-quarter of Knight’s overall revenue. Now, the New York Daily News reports, Deephaven chief Colin Smith and his deputies are set to sign new, multi-million dollar contracts with Knight, keeping them at Deephaven, and setting aside rumors that Deephaven brass may have been seeking a separation or independence from Knight.

 


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.