Friday, 19 September 2014
Last updated 6 hours ago
Mar 11 2010 | 2:51pm ET
A former SAC Capital Advisors technology and energy hedge fund manager is striking out on his own.
Paul Orwicz has founded Sursum Partners. The new firm has already launched its maiden hedge fund, Financial News reports, raising $17.75 million from eight investors.
It is unclear whether Greenwich, Conn.-based Sursum will continue Orwicz’s focus on technology and energy.
Orwicz has taken a pair of analysts from his SAC days with him to the new firm. Dauvin Peterson and Paul Kim have joined the nascent operation, according to FN.
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.