Monday, 22 September 2014
Last updated 30 min ago
Mar 8 2007 | 10:59am ET
Niagara Capital Partners and Friedberg Mercantile Group have partnered up to launch the Niagara/Friedberg Global-Macro Fund, a Caymans-based feeder fund, with an investment of US$18.5 million from a Canadian pension fund.This brings assets in the master fund, the Friedberg Global-Macro Hedge Fund, to $255 million.
The feeder fund will accept subscriptions from tax-exempt Canadian and U.S. institutional investors as well as non-North American investors.
The Friedberg master fund allocates capital to a variety of strategies including global fixed income, long-short U.S. equities, currencies, and commodities and financial futures. Since inception in December 2001, the fund has achieved a 12.98% compounded rate of return, according to the firm.
The master fund charges fees of 2/20 with a $250,000 minimum investment requirement.
Niagara Capital offers investments in alternative strategies managed under an exclusive agreement with FMG. In addition to its role with the Friedberg Global Macro Hedge Fund Ltd. and its feeders, the firm has been incubating a fund of commodity trading advisors.
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.