Saturday, 20 September 2014
Last updated 20 hours ago
May 20 2011 | 12:26pm ET
A Connecticut town in the heart of hedge fund country has picked Brevan Howard Asset Management to handle its first commodities investment.
The Town of Fairfield Joint Retirement Investment Board awarded the firm a $9 million mandate, HFMWeek reports. Brevan Howard bested GE Asset Management and Invesco for the allocation.
The Brevan mandate is deemed a commodities investment by Fairfield, but the firm joins two other hedge funds hired in November, the first by the board, which manages both the Town of Fairfield Employees Pension Fund and Town of Fairfield Police & Firefighters Pension Fund, with a total of $273 million in assets. Wellington Management and Conatus Capital won the hedge fund mandates, totaling $15 million.
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.