Friday, 19 September 2014
Last updated 1 hour ago
May 6 2011 | 12:29pm ET
The Baupost Group sees such attractive opportunities in Europe, the hedge fund is set to open its first overseas office in London to take advantage.
The $24 billion Boston-based firm will focus on distressed debt, as European banks begin to offload those assets from their books. In particular, the London team will trade primarily commercial real-estate, structured products and corporate debt, Bloomberg News reports.
The new office will be headed by managing director Jim Mooney. Baupost plans to make a series of external hires to staff it and work with Mooney.
Baupost is no stranger to Europe, having traded in the region for some time. But it has always done so from the comfort of its Boston headquarters.
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.