Thursday, 18 September 2014
Last updated 5 hours ago
Aug 30 2011 | 2:20pm ET
Millennium Management, in talks to sell a minority stake in itself to a private equity firm, has been spared the worst of August's ravages.
While many of the $11 billion New York-based firm's peer's nurse double-digit losses, Millennium is down just 1% this month, Opalesque reports. The month's decline leaves Millennium up about 5% on the year.
Last month, it was reported that Millennium founder Israel Englander was in advanced talks with Foundation Capital Partners about having the latter buy a stake of less than 20% in the hedge fund for between $300 million and $500 million. Foundation is headed by former Citigroup hedge fund chief Dean Barr.
Englander, 62, reportedly has no plans to retire.
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.