Monday, 1 September 2014
Last updated 3 days ago
Jun 1 2007 | 11:52am ET
While some firms are launching private equity products to complement their hedge fund offerings and vice versa, at least one shop is going the other way. MG Capital this week said it intends to wind down its hedge fund business, Jade Absolute Fund Managers, in order to concentrate on its private equity business.
Jade Chief Investment Officer Stephen Swift is retiring, making it the opportune time to wind down Jade Absolute and focus on the p.e. business, according to Peter Hannen, MG's Chairman.
“We have therefore agreed with Close Investments that our advisory role on the Close Investments Far East Equity Fund, the main fund advised by Jade, will be taken on by another advisor at the end of this month,” he said. The firm’s advisory role in the Close Equity Fund, which is a long-only Asian equity fund, has been handed over to Singapore-based UOB Asset Management.
Charles Fowler, MG’s managing director and compliance officer, said the firm is still finalizing its plans for Jade and declined to further comment on its impending demise. The firm is planning the launch of a pan-Asia (ex-Japan) p.e. fund and another undisclosed p.e. fund sometime in October, according to Fowler.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...