Friday, 19 September 2014
Last updated 4 hours ago
May 24 2010 | 11:58am ET
A big investment from a big pension fund means big changes for Cavenagh Capital.
The Singapore-based firm will move to Amsterdam after APG, the investment management arm of US$270 billion Dutch pension ABP, agreed to seed its new Asian macro fund. The Cavenagh Asian fund will debut on July 1 with US$40 million, HedgeWeek reports.
The new fund is targeting 15% to 20% returns investing in Asian interest rates and currencies.
Cavenagh was founded by former Dexion Capital product development and fundraising executive Andrew Gale and former DBS principal strategies chief and Abax Global Capital macro trader Lee Ka Shao.
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.