Tuesday, 23 September 2014
Last updated 8 hours ago
Jul 7 2010 | 1:14pm ET
Energy and utilities hedge fund Copia Capital has completed its spin-off from FrontPoint Partners, the Chicago-based firm said today.
The newly-independent Copia boasts some $520 million in assets under management. Despite its split from the Morgan Stanley-owned hedge fund, FrontPoint will remain a strategic investment with Copia, and Copia will continue to manage money on FrontPoint’s behalf. Copia debuted in early 2002, and six months later began serving as an investment adviser to FrontPoint.
According to Copia, the move broadens equity ownership among the firm’s partners.
"Now is an opportune time for Copia to launch as an institutional-quality investment advisor,” said Tim Flannery, managing partner and founder. “We believe the rapidly changing energy regulatory environment, structural and technological developments and sector inefficiencies will create unprecedented investment opportunities from which Copia’s investors can profit.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.