Saturday, 20 September 2014
Last updated 14 hours ago
Apr 16 2010 | 12:40pm ET
With Quadrangle Group’s settlement of two probes into its involvement in a pay-to-play scandal could come a new fund from the firm.
New York-based Quadrangle plans to raise a new private equity fund, Reuters reports. The firm had earlier shelved plans to raise its third fund, but has now almost fully invested its second.
Quadrangle will spend the next few months preparing the fund before beginning meetings with investors.
Quadrangle is now exclusively a p.e. shop; the firm had managed about $5 billion for New York City Mayor Michael Bloomberg, but Bloomberg decided to remove that money from Quadrangle’s coffers and place it with a new investment firm that will manage his money exclusively.
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.