Tuesday, 23 September 2014
Last updated 9 hours ago
Oct 11 2010 | 1:28pm ET
GLG Partners is launching a UCITS III-compliant version of its US$250 million macro fund, headed by one of its top hedge fund managers.
The new Atlas Macro Alternative Fund will be GLG’s eighth UCITS fund. It is also likely the last new fund news to come out of an independent GLG, with the firm’s shareholders set to approve its acquisition by the Man Group tomorrow.
The UCITS macro fund will mirror GLG’s Atlas Macro Fund, and will feature the same management, the Financial Times reports. Former Goldman Sachs trader Driss Ben-Brahim, who joined GLG two years ago, and GLG strategy chief Jamil Baz will helm the new fund.
The UCITS version will target annual returns of between 10% and 15%, with volatility of between 10% and 15%.
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.