Tuesday, 23 September 2014
Last updated 2 hours ago
Jul 9 2010 | 11:21am ET
Prime Fund Solutions, soon to be Credit Suisse Group’s prime brokerage business, is beefing up its offerings for its new owners.
The group, currently owned by Fortis Bank Nederland, has launched a new fund of hedge funds platform offering front-, middle- and back-office services to clients. PFS Horizon will give fund of funds managers a single interface through which they can manage their whole investment process.
The new platform was built alongside Comada.
“PFS Horizon is the latest in a long list of innovative products and services that we’ve developed to assist our clients in building their businesses,” CEO Erik Jens said. “We believe this new technology represents a significant step forward in the fund of hedge funds middle office and reporting arena. Our ability to provide greater transparency, asset safety, and robust infrastructure are key to the success of our fund clients as businesses.”
Credit Suisse’s deal for PFS, announced in May, is expected to close by the end of the year.
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.