Tuesday, 23 September 2014
Last updated 2 hours ago
Dec 15 2010 | 10:10am ET
Paulson & Co. has raised more than US$100 million for a UCITS III-compliant retail version of its flagship hedge fund.
The DB Platinum IV Paulson Global Fund debuted last week on Deutsche Bank's UCITS platform. The fund is based on Paulson's Advantage fund, which is up 1.8% this year.
New York-based Paulson currently manages about US$33.6 billion.
"Implementing our existing event arbitrage strategy via a UCITS vehicle allows us to provide a liquid, regulated, onshore European fund that helps us further diversify our investor base," firm founder John Paulson said.
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.