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Ex-Harvard Endowment Bosses Make $1 Billion In A Day With Biotech Bet

Jul 24 2014 | 6:12am ET

Adage Capital Management, the Boston hedge fund started by two former money managers at Harvard University’s endowment, made almost $1 billion yesterday as a biotech company the firm backed surged following a successful medical trial.

Puma Biotechnology Inc. shares almost quadrupled after the company said its experimental drug blocked the return of breast cancer in women with a type of early-stage disease. Adage owned 5.69 million common shares of Puma. as of March 31.

 

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Point72 Adds JPMorgan Healthcare Manager

Jul 24 2014 | 7:40am ET

The family office formerly known as SAC Capital Advisors has hired a JPMorgan Asset Management portfolio manager.

Hedge Fund, American Apparel Appoint New Board

Jul 24 2014 | 7:39am ET

Struggling retailer American Apparel has named most of its new board of directors under a $25 million rescue agreement with hedge fund Standard General.

Texas County & District Boosts Highline, Lakewood

Jul 24 2014 | 7:38am ET

A Texas pension fund has increased its hedge-fund investments by about 20%, allocating an additional $60 million to two of its current managers.

UBS Hedge Fund Bolsters Debt Group With Credit Suisse Vet

Jul 24 2014 | 7:37am ET

UBS’ hedge-fund unit has hired Credit Suisse Group trader Nathan Bohn for its expanding credit business.

Attain Capital Launches Platform Of Alternative Investment Funds

Jul 24 2014 | 5:30am ET

Attain Capital Management has launched a new wealth advisor focused which provides single platform access to several top ranked commodities based alternative investment managers.

JPMorgan To Sell Private-Equity Investments On Secondary Market

Jul 23 2014 | 1:07pm ET

JPMorgan Chase is in advanced talks to sell half of its interest in funds run by its private-equity arm in advance of a spin-off of that unit.

Lexington Partners and AlpInvest Partners are the probably buyers. The two would split about half of JPMorgan’s $4.5 billion investment in One Equity Partners’ funds.

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In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia and beyond have given hedge-fund manager David Yarrow a clear shot at artistic and financial success, says William Cash.

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David Yarrow (left)David Yarrow (left)
 
 
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    Jul 8 2014 | 10:48am ET

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