Sunday, 21 September 2014
Last updated 1 day ago
Dec 27 2010 | 2:17am ET
Farallon Capital Management's loss is Wexford Capital's gain. The New Mexico Public Employees Retirement Association has handed about half of the money it yanked from the former into the latter's Spectrum Fund.
The allocation to Wexford will be funded by the beginning of February, the $11 billion public pension said.
PERA pulled $78 million from Farallon's Institutional Partners fund due to departures "material to the investment of the hedge fund," Joelle Mevi, chief investment officer, told Pensions & Investment.
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.