Saturday, 20 September 2014
Last updated 1 day ago
Nov 19 2010 | 6:37am ET
While many hedge funds are rushing to get onshore, Intrinsic Value Investors is heading in the opposite direction.
The New York-based event-driven firm, which is not affiliated with SAC Capital Advisors’ CR Intrinsic Investors division, has launched an offshore business, HFMWeek reports. The year-old firm said the move was motivated by investor demand.
Intrinsic hopes the move will attract assets from strategic investors and other potential clients, including high-net worth individuals, family offices and funds of hedge funds. The firm has already been approached by one possible strategic partner.
Intrinsic focuses on North America. Through an affiliation with a Montréal-based firm, it boasts Canadian credit and equity investments.
The firm charges 2% for management and 20% for performance. Goldman Sachs serves as prime broker.
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.