Thursday, 18 September 2014
Last updated 41 min ago
Jan 26 2011 | 2:37am ET
It's a first for Varus Capital Management, and a big one: The Swiss firm has attracted its first U.S. investor, and it already accounts for 5% of its assets under management.
The Zurich-based firm did not identify the investor, saying only that it was a fund of hedge funds based in Greenwich, Conn. But Varus, founded by Absolute Capital Management veterans Stefan Heieck and Frank Siebrecht, hope the first will not be the last, and have created a new share class for U.S. investors.
Any other American clients will pay 1% for management and 25% for performance, HFMWeek reports.
Varus, which specializes in German mid- and large-cap companies, also told investors that it was boosting its bets on real estate, construction, digital lifestyles, information technology services and mergers and acquisitions.
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.