Tuesday, 2 September 2014
Last updated 9 hours ago
Jul 15 2010 | 10:35am ET
Kepos Capital, the new hedge fund helmed by former Goldman Sachs Global Alpha co-chief Mark Carhart, has a new home: the ugliest building in New York.
Kepos will set up shop in The New York Times building at Eighth Avenue and West 40th Street. The building was recently named the Big Apple’s least aesthetically appealing by the recently-published fifth edition of the august AIA Guide to New York City, which calls it “as gray and dour as a rain-soaked copy of the Sunday Styles section.”
The hedge fund, which debuted earlier this year, will move into the furnished 44th floor in August. It is currently based out of another trophy property, 666 Fifth Avenue.
Carhart set up Kepos earlier this year. He and his partner, Raymond Iwanowski, left Goldman last year after their one-time Cadillac of hedge funds crashed and burned. Global Alpha’s run of unprecedented success came to a sudden halt in 2007, with the once-$12 billion fund losing 40% that year and continued to hemorrhage assets and post poor performance both in 2008 and last year.
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…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...