Friday, 19 September 2014
Last updated 39 min ago
Apr 13 2011 | 12:46pm ET
ReachCapital Management has liquidated at least three hedge funds.
The Harrison, N.Y.-based firm has shuttered its International Fund I, International Fund II and European Equity Fund, HFMWeek reports. All three funds suffered major losses during the financial crisis; International I dropped 46.15% and European Equity 33.29% in 2008.
But both funds rebounded strongly in 2009, soaring 47.42% and 54.06%, respectively, according to BarclayHedge.
ReachCapital was founded by Putnam Investments veteran Nigel Hart.
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.