Tuesday, 23 September 2014
Last updated 10 hours ago
Sep 15 2010 | 2:44am ET
Emerging hedge fund managers platform Revere Capital Advisors is adding emerging manager research and advisory to its business line with the acquisition of Align Advisers.
New York-based Align was founded by Stefan Zellmer, who will remain with Revere as head of the combined firm’s manager research team. Zellmer, a former head of hedge fund research at UBP Asset Management and co-head of research at Arden Asset Management, will bring along senior analyst Michael Barron.
Terms of the deal were not disclosed.
“We are delighted to have the talent, quality and industry experience of Stefan and his team join Revere,” Dan Barnett, founder and CEO of Revere, said. “The emerging manager space is experiencing a cyclical surplus in investment talent, resulting in an outstanding opportunity for hedge fund seeders. Revere is currently raising capital for a hedge fund seeding vehicle which we expect to allocate across 12-15 additional hedge funds over a four year period.”
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.