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CalPERS Kicks Hedge Funds To The Curb

Sep 16 2014 | 5:51am ET

Hedge funds have received a huge blow from the largest public pension plan in the U.S. The California Public Employees’ Retirement System has decided to eliminate its hedge fund program, known internally as the Absolute Return Strategies (ARS) program, as part of an ongoing effort to reduce complexity and costs in its investment program.

 

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ESL Gives Sears $400 Million Lifeline

Sep 16 2014 | 11:09am ET

Hedge fund ESL Investments has loaned $400 million to its largest investment, Sears Holdings Corp., a cash infusion that will keep the struggling retailer afloat through the holiday season.

AngloGold Abandons Spin-Off After Paulson Balks

Sep 16 2014 | 11:08am ET

AngloGold Ashanti has dropped plans to spin-off its foreign assets in the face of opposition from one of its largest shareholders, Paulson & Co.

Allergan, Pershing Square In Deal Over Vote

Sep 16 2014 | 11:08am ET

Pershing Square Capital Management and Allergan Inc. have agreed to leave the latter’s fate in the hands of its shareholders.

Ex-Amaranth Trader Hunter Settles

Sep 16 2014 | 11:07am ET

The man who brought down Amaranth Advisors has ended his seven-year legal battle with U.S. regulators.

Credit Suisse: Hedge Funds Rise In August

Sep 16 2014 | 10:07am ET

Hedge funds bounced back from their July losses to more than make up the decline last month, according to Credit Suisse.

Starboard Lays Out Darden Split Plan

Sep 16 2014 | 10:07am ET

Cut the breadsticks: That’s the message—or at least one part of the message—from hedge fund Starboard Value, which last week laid out in detail how it planned to turn around Darden Restaurants, which owns, among other chains, the Olive Garden.

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In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the Macallan on Speyside before moving to The Dalmore in 2006 to head their innovation team. Today, he's putting his knowledge and expertise of the 'liquid gold' to good use as co-founder of U.K.-based The Whisky Trading Company, the first entity of its kind in the world. He spoke recently with FINalternatives' senior reporter Mary Campbell about whisky as an investment.

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Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.