Monday, 22 September 2014
Last updated 2 hours ago
Jun 20 2011 | 1:57am ET
Asset management giant Wellington Management has a new offering: a hedge fund.
The Boston-based firm, which has more than $600 billion in assets under management, has raised $26.5 million for the new fund, HedgeFund.net reports. As of the beginning of the month, 31 investors had signed up, Wellington said in a regulatory filing.
The Wellington hedge fund features a $1 million minimum investment requirement.
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.