Saturday, 20 September 2014
Last updated 1 day ago
Dec 13 2010 | 3:13am ET
The pension for gas company BP’s Dutch unit is giving up on hedge funds.
Stichting Pensioenfonds BP has decided to redeem its only hedge fund investment, HFMWeek reports. The pension will end the allocation next year, and has not decided how to redeploy the money.
The BP plan would not identify the firm being terminated, nor did it reveal how much it was managing. But a source told HFMWeek that the unidentified firm was a fund of hedge funds and that the €650 million pension had “concerns over liquidity.”
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.