Friday, 19 September 2014
Last updated 8 hours ago
May 26 2010 | 9:52am ET
Mutual fund house Nuveen Investments is bringing a distressed debt hedge fund’s eye to retail investors. The Chicago-based firm has hired hedge fund Symphony Asset Management to subadvise its new credit opportunities fund.
The Nuveen Symphony Credit Opportunities Fund will invest in below-investment-grade bonds, loans and convertible securities, guided by San Francisco-based Symphony’s bottom-up analysis.
“At a time when robust and fundamental credit analysis is especially critical to constructing quality debt portfolios, we are pleased to bring this new Symphony strategy to retail mutual fund investors,” says Alan Brown, executive vice president at Nuveen.
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.