Monday, 22 September 2014
Last updated 2 days ago
Aug 10 2010 | 11:47am ET
Union Capital Management’s new hedge fund has been in the works for more than a year. But the Philadelphia-based firm is just now ready to begin fundraising for the vehicle, and is looking to raise $500 million, according to a regulatory filing.
The UCM Union Delta Fund is a long/short equity fund, focusing on U.S. technology, healthcare, consumer and industrial companies. According to yesterday’s Securities and Exchange Commission filing, UCM has yet to raise any money for the new fund.
The Delta fund has a minimum investment requirement of $250,000. Goldman Sachs will serve as prime broker.
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.