Tuesday, 23 September 2014
Last updated 2 hours ago
Feb 24 2011 | 9:53am ET
Polygon Investment Partners appears to have some interest on the secondary market for its planned hedge fund to house the illiquid investments of its liquidating flagship.
The London-based hedge fund, which promised redeeming investors it would liquidate its Global Opportunities Master Fund by the end of next month, plans to sell those investors' stakes in its new Polygon Recovery Fund on the secondary market. And some big players in that market are sniffing around, including Coller Capital, Morgan Stanley Alternative Investment Partners and Pomona Capital, Dow Jones Private Equity Analyst reports.
Polygon is seeking to sell shares in the portfolio of private-equity-style direct investments, rather than liquidating them at fire-sale prices. All told, the roughly one dozen holdings of the planned Recovery fund are worth between $400 million and $500 million.
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.