Sunday, 21 September 2014
Last updated 1 day ago
Apr 11 2007 | 8:46am ET
LIM Advisors is prepping its eighth hedge fund, hoping to raise as much as US$500 million for the Asian special situations high-yield offering.
George Long, founder of the Asia-focused hedge fund shop and the former chief investment officer at Gartmore Asia, told Reuters that the new fund will enable it to take larger positions in less liquid securities than its US$460 million flagship, the LIM Asia Arbitrage pan-Asian multistrategy fund, though it will use trading strategies developed for that fund.
Long added that he wouldn’t launch the fund if it failed to attract at least US$200 million.
LIM manages some US$825 million in its seven current funds.
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.