Thursday, 18 September 2014
Last updated 8 hours ago
Jun 7 2011 | 1:31pm ET
The growing community of western hedge funds in Hong Kong has a new neighbor, at least in spirit: Owl Creek Asset Management.
The New York-based firm, which has about $7 billion in assets under management, won an asset-management license from the Hong Kong Securities and Futures Commission last month, Reuters reports. But unlike other U.S.- and Europe-based funds to obtain a similar license, Owl Creek has no plans to create a physical presence in Hong Kong.
Instead, the firm, founded by Jeffrey Altman, will use the license to attract a wider range of investors, according to Reuters. It will continue to trade in Asia—the firm has a $300 million dedicated Asia fund and $2.6 billion invested in the region in total—from its home base in New York.
The SFC issued the license to Owl Creek on May 20.
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.