Sunday, 21 September 2014
Last updated 2 days ago
May 17 2011 | 10:17am ET
Goldman Sachs is raising money for a hedge fund seeding vehicle, some three years after it abandoned its last seeding effort.
The Wall Street giant has been in talks with potential investors for the past year, Bloomberg News reports. The Blackstone Group recently closed its second hedge fund seeding vehicle with $2.4 billion.
Goldman's new seeding plan involves a joint venture between its hedge fund strategies group, which invests on behalf of clients, and its Petershill Fund, a private equity vehicle that invests in hedge fund firms. The venture is being overseen by Ali Raissi.
It is unclear how much Goldman hopes to raise for its new effort.
Goldman shuttered its previous seeding fund in 2008 amidst the financial crisis. The bank seeded two hedge funds.
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.