Wednesday, 27 August 2014
Last updated 1 hour ago
Feb 23 2010 | 7:20am ET
The founders of BlueBay Asset Management have cashed in some of their stakes in the London-based credit hedge fund shop.
Hugh Willis and Mark Poole each sold 6.5 million shares, earning each £21 million. The sale reduced their combined stake in BlueBay to 17.3%.
The firm said both men would use some of the proceeds to invest in new BlueBay funds, and both have agreed not to sell any additional shares for at least a year.
“The principal purpose of the placing is to enable Mr. Willis and Mr. Poole to continue to make available seed capital for BlueBay fund launches over the coming years,” BlueBay said in a statement.
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 ...