Tuesday, 23 September 2014
Last updated 12 hours ago
Apr 19 2011 | 11:28am ET
Richmond Park Partners has closed its acquisition of French fund of hedge funds group Olympia Capital Management, one of the oldest in Europe.
The deal—terms of which were not disclosed—was completed last week, Richmond Park announced yesterday, after winning the approval of both British and French regulators. Olympia, which has US$2.2 billion in assets under management, had previously been owned by private equity firm Sagard and Olympia's partners.
Both Olympia CEO Laurent Duperyon and founder Marc Landeau have agreed to remain with the firm.
Olympia, which is now debt-free thanks to the deal, has 48 employees spread across offices in Paris, London, New York and Zürich, Switzerland.
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.