Sunday, 21 September 2014
Last updated 2 days ago
Aug 29 2011 | 1:40pm ET
A new British hedge fund aims to take advantage of the global gold rally.
Orwell Capital is set to launch its Kerdos Premium Fund. The new vehicle will be composed of two sub-funds, a private-equity style portfolio and a portfolio allocated entirely to gold.
The new fund is expected to launch in September, pending approval from the Malta Financial Services Authority. Orwell has already registered with the U.K. Financial Services Authority.
Kerdos will launch with a single investment in a company that exports gold bars from Africa to Europe.
"There is a very strong demand for funds where performance is not linked to financial market trends," Franco Mignemi of Orwell told HedgeCo.net. "Amid the distress we are experiencing in the current market environment, investors are now drawn back to the real economy and are looking for stable profits in a business where they can fully appreciate the company's structure and competitive edge."
"Our fund will offer an opportunity rarely available to professionals outside the gold industry," Mignemi promised.
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.