Wednesday, 17 September 2014
Last updated 9 hours ago
Feb 12 2010 | 5:44am ET
While a lot of hedge fund firms are rushing to close their distressed debt funds, Avenue Capital Group is launching one.
The New York-based firm, which has about $18.5 billion in assets, is currently fundraising for the new vehicle. Avenue expects to raise about $3 billion for the fund, Bloomberg News reports. Fundraising is expected to be finished within three months.
Avenue’s move is counter the recent trend: BlueMountain Capital Management, Highland Capital Management and Silverback Asset Management have all begun unwinding distressed debt funds over the last few months.
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.