Tuesday, 23 September 2014
Last updated 11 hours ago
Nov 4 2009 | 2:52am ET
Polar Capital CEO Mark Kary has resigned, handing over the reins of the hedge fund to co-founder Tim Woolley.
Kary spent four years at the London-based hedge fund after a stint at Morgan Stanley. Polar said Kary would remain at the firm until the end of the year to assist with the handover. The hedge fund described the split as amicable and said Kary would pursue other opportunities.
Woolley stopped managing money 18 months ago, but remained at the firm as an executive director.
Polar has some £28 million in cash to fund growth and acquisitions, and said its assets under management have surged 28% in the six months ended September 30.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.