Sunday, 21 September 2014
Last updated 2 days ago
Jul 7 2010 | 10:24am ET
A major Swedish public pension fund is looking for firms to manage up to US$1.5 billion in hedge fund portfolios.
Första AP-Fonden said in an official tender notice that it hoped to hire between one and three “strategic partners” to put in place its increased alternative investments allocation. The pension plans to put between US$1.1 billion and US$1.5 billion into the new hedge fund portfolios.
While AP1 said it would consider applicants “covering the full investible universe or a subset of the market” and that it had no “firm preference” in terms of legal structure, it did specify that interested parties should have a history of “proven and consistent” returns, Investments and Pensions Europe reports.
AP1 set an Aug. 29 deadline for applications.
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.