Tuesday, 23 September 2014
Last updated 11 hours ago
Jan 7 2011 | 8:53am ET
Polar Capital is shuttering its £31 million global macro hedge fund.
The London-based firm's board decided to liquidate the Discovery Fund, managed by Paul Lambert, this week. The firm began selling off the fund's positions immediately and expects to return money to investors within four weeks.
Closing the four-year-old fund will lead to a £600,000 loss for Polar—which has £3.5 million invested in the fund—but the firm said it will meet its expected results for the fiscal year ending in March.
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.