Tuesday, 23 September 2014
Last updated 11 hours ago
Aug 23 2011 | 11:55am ET
London-based Prestige Asset Management has launched its first Malta-domiciled hedge fund and has opened an office on the Mediterranean island.
Prestige's multi-manager Equity Options fund debuted on June 1, HedgeCo.net reports. The fund includes three managers, all of whom "use a combination of both long and short volatility trading strategies and much of the trading is short and medium term in nature."
The fund is among the lowest-risk vehicles offered by the firm, it said.
"It operates a portfolio mandate that does not need the market to trend, and can benefit enormously from lack of direction but continuously attempting to manage and diversify risk which hopefully allows us to sleep at night," Prestige said.
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.