Tuesday, 23 September 2014
Last updated 3 hours ago
Feb 13 2007 | 9:02am ET
Cleveland-based hedge fund and private equity firm Knowledge Investment Partners is heading back to class with the launch of its second education-dedicated hedge fund with some $50 million, it announced today. The KIP Presidium Fund, like the firm’s first fund, the four-year-old KIP Education Fund, focuses on education and related information services companies.
The firm has added portfolio manager Rob Herman to run the new offering. Daniel Pianko is the lead analyst.
KIP says it has an additional $50 million in commitments to the fund, and expects to close the fund at about $200 million later this year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.