Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
17/02/2010
Former Citadel pro Russell sets up new hedge fund
Joe Russell, formerly with Citadel Investment Group, is in the process of setting up a hedge fund, HFMWeek can reveal. The fund is called Bellpoint Capital, according to a source familiar with the
plans.
At Citadel, Russell was the key driver behind the hedge fund's $2.55bn investments in E* Trade Financial Corp and also pushed for the fund's purchase of assets from Sowood Capital.
According to reports, Russell departed Ken Griffin's hedge fund titan in September 2008 after disagreements over how to manage his division at the firm, the fundamental credit group, the smallest and most unprofitable of Citadel's three credit operations. Following his departure, the team was folded into Citadel's other credit businesses.
Russell's launch follows another Citadel alum who recently set up a hedge fund. In October, Ervin Shindell, who was in charge of the team that placed bets on companies involved in M&A, launched Chicago-based RoundKeep Capital Advisors. Other former Citadel employees joined him for his new venture including Joseph Rotter, Robert Doherty and Robert Donath.
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
The institutional outlook
A recent survey of institutional hedge fund allocators gives insight into current and future allocations
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Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
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