Saturday, 20 September 2014
Last updated 23 hours ago
Jul 21 2010 | 10:20am ET
Polygon Investment Partners may tap a former Morgan Stanley executive to help it unwind its flagship hedge fund.
The London-based firm is in talks with John Carrafiell, former global co-head of Morgan Stanley Real Estate, to advise it on its German commercial property holdings, Financial News reports. The hedge fund hopes that Carrafiell can maximize the returns on its remaining property investments, which total about US$30 million of the fund’s remaining US$1.4 billion in assets.
Carrafiell helped build Morgan Stanley’s own property funds during his 21 years with the firm. Since retiring, he was established his own real estate advisory, Alpha Real Estate Advisors.
Polygon elected to shutter its multi-strategy flagship as it lost nearly half its value in 2008. About 60% of fund has already been returned to investors, with another 20% coming by the end of this 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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.