Saturday, 20 September 2014
Last updated 23 hours ago
Jan 19 2011 | 4:55am ET
Antarctica Asset Management rang in the new year with a brand-new product.
The $1.6 billion London-based fund of hedge funds shop launched its Global Macro Fund on Jan. 1. The new fund employs the same global macro strategy used by the firm’s two multistrategy funds, Pensions & Investments reports. The concentrated vehicle has between 15 and 20 underlying managers.
“We designed the fund to be uncorrelated… with the ability to dynamically allocate to subtrategies where we see more opportunities,” principal Pieter de Weerdt told P&I. “Thematic or directional allocators will typically do well in recovery and bull market periods, while trading platforms and relative value managers should provide anchor returns with low volatility and low correlation to the rest of the portfolio.”
Antarctica decided to carve out its global macro program as a separate fund in response to demands from institutional investors.
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.