Monday, 22 September 2014
Last updated 34 min ago
Apr 21 2010 | 2:20am ET
Paulson & Co. has taken a big stake in private equity firm American Capital, which is raising money to restructure its debt.
The New York-based hedge fund is buying about 13% of American Capital, part of a $295 million stock offering to institutional investors. Paulson is scooping up 43.7 million of the 58.3 million common shares on offer at a 5% discount to Friday’s closing price.
The deal will make the $32 billion hedge fund Bethesda, Md.-based American Capital’s largest shareholder.
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.