October 14, 2014 was a day of misery for many hedge funds. Managers were desperately trying to cut losses and raise cash after a drop in oil prices and a surprise US Treasury rally upended some of the year's biggest hedge fund trades, with the collapse of merger talks between pharmaceuticals firms AbbVie and Shire magnifying the pain for some (Risk December 2014).
As funds sold assets, and losses spread across the industry, Napier Park Global Capital, a New York-based hedge fund specialising in
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- Asia moves: Natixis sales head moves to Barclays, new banking head for StanChart Singapore, and more
- Buy-siders eye ways to get ahead of US resolution stay rules
- Brexit novations ‘on hold’ to gain reg relief