Saturday, 20 December 2014
Last updated 1 day 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.
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.