Monday, 22 September 2014
Last updated 1 hour ago
Apr 4 2007 | 10:21am ET
New York-based SkyBridge Capital will invest in Ironshield Capital Management, a new London-based hedge fund founded by former Bank of America principal David Nazar.
Ironshield, a stressed and distressed debt shop, is expected to launch later this year, according to Don Rogers, a partner SkyBridge, who declined to give a specific timeline.
Before forming his own firm, Nazar headed BofA’s stressed and distressed debt prop trading desk.
In addition to its investment, the size of which was not disclosed, SkyBridge will provide the nascent fund with a team to build up its operations.
Rogers said that Skybridge takes an opportunistic approach to investing in emerging managers.
“People frequently come to us with ideas about talented people who are starting their own firms so we’re really opportunistic and not focused on filling a particular strategy,” he said. “It comes down to finding the right people and pursuing the right opportunity.”
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.