Thursday, 18 September 2014
Last updated 5 hours ago
Jan 26 2007 | 10:45am ET
Global investment manager SciVest has created an offshore version of its existing SciVest Net Short Equity Fund. The new vehicle is similar to the Canadian-based onshore fund, which was launched in July 2004, but there are a few unique features.
“The primary enhancements in the offshore fund relative to the onshore fund are first, the offshore fund has a lower target equity market beta of -0.75, versus -0.50 for the onshore fund,” says John Schmitz, who manages both vehicles.
“Second, the offshore fund has a global mandate investing in 14 of the largest developed markets, versus the North American mandate of the onshore fund, to provide investors with better alpha diversification,” he says. “Finally, the offshore fund has a higher long-term leverage factor of 4:1, versus 3:1 for the onshore fund, to provide investors with a higher absolute level of alpha.”
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.