Tuesday, 23 September 2014
Last updated 8 hours ago
Jun 6 2011 | 1:50pm ET
Partner Fund Management is the previously-unknown ninth hedge fund in the stable of Goldman Sachs' Petershill private equity fund.
Unlike the other eight funds in which Petershill, which invests in hedge fund management firms, invests, Partner's identity had not been publicly disclosed. But the investment has been among the most successful for Petershill, Financial News reports.
San Francisco-based Partner has $4.5 billion in assets under management. The firm was founded in 2004 by Andor Capital Management co-founder and former chief investment officer Christopher James, although it is unclear when Petershill took its minority stake in the firm.
Partner manages four hedge funds, its multi-strategy flagship, Diversified, a technology fund, a healthcare fund and its Meritage Offshore fund. Diversified reportedly returned 4.4% last year, 21.4% in 2009 and 31.2% in 2007, suffering a 6.1% decline in 2008. But the firm denied the accuracy of those figures, according to FN.
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.