Tuesday, 23 September 2014
Last updated 10 hours ago
Sep 14 2010 | 1:22am ET
Vector Commodity Management hasn’t been in business for long. But the three-month-old hedge fund is off to a running start.
The energy fund returned about 4% since its launch, Bloomberg News reports. The firm, headed by former Goldman Sachs fuel oil trader Gilbert Saiz, has increased its assets under management to $80 million and hired a pair of traders.
George Hoger and Ben Dilkes joined the firm in June. Both previously worked at the four-year-old oil-trading joint venture of Credit Suisse and Glencore International.
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.