Wednesday, 27 August 2014
Last updated 3 hours ago
Feb 18 2010 | 2:13am ET
King Street Capital Management may close its flagship hedge fund to new investments, it told investors.
The New York-based firm has seen the fund’s assets swell over the past year, when it returned 20.1%. The fund now manages $19.2 billion, up from $15.8 billion last January. But the firm doesn’t want the fund to get much bigger.
King Street hopes to keep the fund from exceeding $20 billion, Hedge Fund Alert reports.
The firm will “moderate the future growth of the fund’s capital subject to developing market conditions,” it wrote to investors on Feb. 5.
King Street also said it would change its redemption policy. Where the firm previously permitted withdrawals totaling only 25% of the fund’s overall assets, now investors will be permitted to redeem a quarter of their investment every quarter—regardless of what other investors do.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...