Tuesday, 23 September 2014
Last updated 1 hour ago
Apr 1 2010 | 10:37am ET
Credit Suisse and York Capital Management are in talks about the former taking a minority stake in the hedge fund firm, according to Hedge Fund Alert.
New York-based York manages $12 billion, including more than $3 billion in its flagship multi-strategy fund. The firm was founded in 1991 by James Dinan.
Talks between the two sides are still ongoing, and it is unclear what the terms of any deal might be. It is also possible that no deal will be struck, the newsletter reports.
Credit Suisse’s interest in the hedge fund comes despite President Barack Obama’s plan to bar bank holding companies from owning hedge funds.
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.