Tuesday, 23 September 2014
Last updated 24 min ago
Nov 29 2010 | 12:29pm ET
Financial Risk Management is throwing in the towel on its listed Credit Alpha fund.
The firm said last week that investors voted against continuation of the fund at its annual meeting and that it " will be consulting with shareholders regarding options for winding up, reorganizing or restructuring" the three-and-a-half-year-old fund.
FRM Credit Alpha is the second listed FRM fund to bite the dust in as many years. Last summer, the firm asked investors to vote to wind-up its US$70 million Diversified Alpha fund.
Both funds were listed on the London Stock Exchange.
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.