Thursday, 18 September 2014
Last updated 4 hours ago
Feb 17 2010 | 1:57am ET
After a rollercoaster two years, Philippe Jabre is celebrating his return to form with his closest… clients.
The former GLG Partners star trader flew in his best contacts for a party in Geneva two weeks ago, The Telegraph reports. The confab was a celebration of Jabre Capital’s turnaround from a brutal 2008.
That year, JabCap lost some 36%, leading to some US$1.5 billion in redemptions. But the firm’s flagship multi-strategy fund soared 85% last year, and the firm plans to hard-close it when its assets hit US$2.5 billion.
JabCap has also recently been tapped to manage a convertible bond fund for Swiss private bank Pictet & Cie.
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.