Friday, 19 September 2014
Last updated 3 hours ago
Jun 27 2011 | 3:10am ET
Knight Vinke Asset Management is mulling a hedge fund based on its research on financials.
The Monaco-based activist shop may launch a long/short global financials fund, a vehicle that would be its first foray into shorting equities, Financial News reports. Knight Vinke has been researching financial stocks since 2007, when it began its campaign against HSBC Holding.
HSBC remains Knight Vinke’s only public financial holding, although a source told FN that it has several smaller holdings that do not require public disclosure.
Knight Vinke said that “no decision has been taken to launch a fund.”
“The analysis of the banking industry, which Knight Vinke has developed over the past few years, has been much appreciated by many of the world’s largest institutional investors and regulators, and we have chosen to continue to maintain that database as a benefit to our clients,” a spokesman for the firm said.
According to FN, Knight Vinke deputy CEO Glen Suarez would manage the fund. The firm is reportedly sounding out potential investors.
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.