Friday, 29 August 2014
Last updated 12 hours ago
Jun 30 2010 | 12:10pm ET
D.E Shaw Group is poised to enter a joint-venture with Indian billionaire and industrialist Mukesh Ambani, as the latter prepares to move into the financial services sector.
Terms of the potential deal—other than that it will be an equal joint-venture—are unclear. But it will allow the Mukesh Dhirubhai Ambani Group, and its Reliance Industries, to enter the financial services business, including private equity funds, the Economic Times reports.
Those business areas opened to Ambani after he and his estranged brother Anil ended their non-compete agreement with one another last month.
Ambani is also looking to buy a majority stake in JM FInancial Asset Management, an Indian money manager and private equity shop.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...