High Cost Multi-Manager Hedge Funds Offer Large Returns

A Barclays note to clients recently explained that the fees for multi-manager hedge funds can be approximately three times the size of their peers, due to the fact that these funds dependably yield high returns. The note indicated that while in the last five years the larger market has averaged a return of 5.5%, multi-manager …

Brian Marshall Joins Golden Tree Asset Management for Business Development

Brian Marshall, former managing director at Barclays Plc was hired by Golden Tree Asset Management for business development focused on structured products. Marshall will be joining the firm in New York, and will answer to Thomas Humphrey, the head of Golden Tree’s business development. The firm manages about $18 billion in assets. “His experience and …

Nagpal Leaving Barclays Bank: Joining the Millenium Hedge Fund

Ajay Nagpal, head of Barclays prime brokering business is moving over to Millenium, a leading hedge fund lead by Israel “Izzy” Englander. Mr. Nagpal’s action is the most recent move in what appears to be a trend of powerful Wall Street banking executives switching over to work in hedge fund firms. This could be seen …