Thursday, 18 September 2014
Last updated 12 hours ago
Mar 5 2010 | 3:10pm ET
Swiss private bank Pictet & Cie. aims to double its assets under management over the next five years, and is looking to “brand”-name funds to help.
The Geneva-based firm, which last month hired hedge fund Jabre Capital Partners to manage a convertible-bond fund, hopes to increase Pictet Funds’ assets by 15% per year. That division, which currently has US$4 billion in funds of hedge funds and another US$1 billion in single-manager funds, currently manages about US$93 billion.
At least some of that new money is likely to find its way to some of the most prominent hedge fund managers out there, like Jabre, headed by former GLG Partners star trader Philippe Jabre.
“Some were burned, but if you look at those who survived and why, there’s still potential,” Pictet CEO Laurent Ramsey told Bloomberg News. “Now is a good time to invest in the brand names because they fared pretty well.”
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.