Wednesday, 24 September 2014
Last updated 14 hours ago
Jul 21 2011 | 2:02pm ET
A Tiger cub's own cub is poised to raise $1 billion or more for his own hedge fund.
Richard Gerson, who left Blue Ridge Capital several months ago, plans to found his own firm and to launch his maiden hedge fund, a global equity strategy, early next year, Hedge Fund Alert reports. The new venture reportedly is backed by Blue Ridge founder John Griffin, a former Tiger Management money manager, with several Blue Ridge investors prepared to pony up for Gerson's next fund.
Gerson has been with Blue Ridge since its founding in 1996. He helped found the $6.8 billion firm's China-focused private equity unit.
Gerson has already hired a chief operating officer for his still-unnamed firm: Martin Byman, formerly Morgan Stanley's co-head of European prime brokerage.
The new hedge fund will be based in New York.
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.